ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) saw unusually-strong trading volume on Tuesday . 303,747,697 shares were traded during trading, an increase of 101% from the previous session’s volume of 151,221,438 shares.The stock last traded at $9.02 and had previously closed at $8.82.
ProShares Bitcoin ETF Price Performance
The stock’s fifty day moving average is $9.13 and its 200 day moving average is $10.04.
Institutional Investors Weigh In On ProShares Bitcoin ETF
Several institutional investors have recently modified their holdings of the stock. LFG Wealth Partners LLC bought a new position in shares of ProShares Bitcoin ETF during the 1st quarter valued at approximately $667,000. McIlrath & Eck LLC lifted its position in ProShares Bitcoin ETF by 174.0% in the first quarter. McIlrath & Eck LLC now owns 43,159 shares of the company’s stock worth $402,000 after buying an additional 27,405 shares during the last quarter. Paragon Private Wealth Management LLC lifted its position in ProShares Bitcoin ETF by 14.2% in the first quarter. Paragon Private Wealth Management LLC now owns 19,264 shares of the company’s stock worth $179,000 after buying an additional 2,388 shares during the last quarter. Group One Trading LLC boosted its stake in ProShares Bitcoin ETF by 14.2% during the first quarter. Group One Trading LLC now owns 460,289 shares of the company’s stock worth $4,285,000 after buying an additional 57,065 shares during the period. Finally, Lido Advisors LLC boosted its stake in ProShares Bitcoin ETF by 79.4% during the first quarter. Lido Advisors LLC now owns 19,264 shares of the company’s stock worth $179,000 after buying an additional 8,526 shares during the period.
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.
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