ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) Shares Sold by IMC Chicago LLC

IMC Chicago LLC trimmed its stake in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 11.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 291,568 shares of the company’s stock after selling 37,888 shares during the period. IMC Chicago LLC owned about 0.35% of ProShares Bitcoin Strategy ETF worth $6,563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BITO. Cedar Mountain Advisors LLC raised its stake in ProShares Bitcoin Strategy ETF by 112.7% during the second quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock worth $25,000 after acquiring an additional 594 shares during the period. Natixis purchased a new stake in ProShares Bitcoin Strategy ETF in the 1st quarter worth approximately $40,000. Geneos Wealth Management Inc. purchased a new stake in ProShares Bitcoin Strategy ETF in the 4th quarter worth approximately $25,000. Benjamin Edwards Inc. bought a new position in shares of ProShares Bitcoin Strategy ETF during the 4th quarter valued at $37,000. Finally, VitalStone Financial LLC raised its holdings in shares of ProShares Bitcoin Strategy ETF by 450.3% during the 4th quarter. VitalStone Financial LLC now owns 2,790 shares of the company’s stock valued at $57,000 after purchasing an additional 2,283 shares in the last quarter.

ProShares Bitcoin Strategy ETF Price Performance

Shares of ProShares Bitcoin Strategy ETF stock traded down $0.60 during trading on Monday, hitting $19.20. 10,184,081 shares of the company’s stock traded hands, compared to its average volume of 15,606,515. ProShares Bitcoin Strategy ETF has a twelve month low of $12.79 and a twelve month high of $33.79. The firm’s fifty day moving average price is $22.70 and its 200 day moving average price is $25.58.

ProShares Bitcoin Strategy ETF Company Profile

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.