ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) shares are going 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.
ProShares Bitcoin ETF Stock Performance
ProShares Bitcoin ETF stock opened at $9.15 on Friday. ProShares Bitcoin ETF has a 52-week low of $7.87 and a 52-week high of $15.26. The firm has a 50 day moving average price of $10.74 and a two-hundred day moving average price of $9.85.
Institutional Investors Weigh In On ProShares Bitcoin ETF
Several large investors have recently modified their holdings of BITO. Allworth Financial LP raised its stake in ProShares Bitcoin ETF by 85.1% during the third quarter. Allworth Financial LP now owns 5,763 shares of the company’s stock worth $65,000 after buying an additional 2,650 shares during the last quarter. IFP Advisors Inc boosted its position in ProShares Bitcoin ETF by 8.0% during the third quarter. IFP Advisors Inc now owns 15,352 shares of the company’s stock valued at $172,000 after acquiring an additional 1,138 shares during the last quarter. Paragon Private Wealth Management LLC boosted its position in ProShares Bitcoin ETF by 14.2% during the first quarter. Paragon Private Wealth Management LLC now owns 19,264 shares of the company’s stock valued at $179,000 after acquiring an additional 2,388 shares during the last quarter. Lido Advisors LLC boosted its position in ProShares Bitcoin ETF by 79.4% during the first quarter. Lido Advisors LLC now owns 19,264 shares of the company’s stock valued at $179,000 after acquiring an additional 8,526 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in ProShares Bitcoin ETF by 24.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,796 shares of the company’s stock worth $294,000 after acquiring an additional 7,141 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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