Investors Purchase High Volume of ProShares Bitcoin ETF Put Options (NYSEARCA:BITO)

ProShares Bitcoin ETF (NYSEARCA:BITO) was the recipient of some unusual options trading on Thursday. Traders bought 15,377 put options on the stock. This is an increase of 19% compared to the average daily volume of 12,949 put options.

Hedge Funds Weigh In On ProShares Bitcoin ETF

Several institutional investors have recently bought and sold shares of the company. IMC Chicago LLC acquired a new stake in shares of ProShares Bitcoin ETF in the 2nd quarter worth $10,223,000. Fielder Capital Group LLC increased its stake in shares of ProShares Bitcoin ETF by 0.4% during the second quarter. Fielder Capital Group LLC now owns 626,960 shares of the company’s stock worth $5,003,000 after acquiring an additional 2,347 shares during the period. Group One Trading LLC raised its holdings 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 purchasing an additional 57,065 shares in the last quarter. HighTower Advisors LLC boosted its holdings in ProShares Bitcoin ETF by 371.3% in the 2nd quarter. HighTower Advisors LLC now owns 421,623 shares of the company’s stock valued at $3,365,000 after purchasing an additional 332,162 shares in the last quarter. Finally, Realta Investment Advisors increased its position in ProShares Bitcoin ETF by 8.8% during the 1st quarter. Realta Investment Advisors now owns 315,051 shares of the company’s stock worth $2,933,000 after purchasing an additional 25,535 shares during the period.

ProShares Bitcoin ETF Trading Up 0.5%

Shares of BITO stock traded up $0.06 during midday trading on Thursday, hitting $11.26. The company had a trading volume of 48,513,735 shares, compared to its average volume of 135,881,953. The company’s 50 day simple moving average is $9.92 and its 200 day simple moving average is $9.67. ProShares Bitcoin ETF has a 52-week low of $7.87 and a 52-week high of $20.91.

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.