Simplex Trading LLC Makes New Investment in ProShares Bitcoin ETF $BITO

Simplex Trading LLC bought a new stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 172,083 shares of the company’s stock, valued at approximately $1,927,000.

Several other hedge funds have also modified their holdings of the stock. StoneX Group Inc. increased its stake in ProShares Bitcoin ETF by 111.7% in the 3rd quarter. StoneX Group Inc. now owns 293,535 shares of the company’s stock worth $3,071,000 after purchasing an additional 154,856 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in ProShares Bitcoin ETF by 4.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 48,738 shares of the company’s stock worth $546,000 after buying an additional 2,088 shares during the period. IFP Advisors Inc raised its holdings in ProShares Bitcoin ETF by 8.0% during the 3rd quarter. IFP Advisors Inc now owns 15,352 shares of the company’s stock worth $172,000 after buying an additional 1,138 shares during the period. MFA Wealth Advisors LLC lifted its stake in ProShares Bitcoin ETF by 5.4% during the third quarter. MFA Wealth Advisors LLC now owns 539,612 shares of the company’s stock valued at $6,044,000 after buying an additional 27,730 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in ProShares Bitcoin ETF by 24.1% during the second quarter. Envestnet Asset Management Inc. now owns 36,796 shares of the company’s stock valued at $294,000 after buying an additional 7,141 shares in the last quarter.

ProShares Bitcoin ETF Trading Down 1.3%

Shares of BITO opened at $9.95 on Tuesday. ProShares Bitcoin ETF has a one year low of $7.87 and a one year high of $16.67. The company has a 50-day moving average of $10.82 and a two-hundred day moving average of $9.91.

Shares of ProShares Bitcoin ETF are set to reverse split before the market opens on Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 18th.

About ProShares Bitcoin ETF

The ProShares Bitcoin Strategy ETF (BITO) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund actively manages a portfolio of front-month CME bitcoin futures. BITO was launched on Oct 18, 2021 and is managed by ProShares.