162,541 Shares of ProShares Bitcoin ETF $BITO Acquired by Thor Trading Advisors LLC

Thor Trading Advisors LLC acquired a new position in ProShares Bitcoin ETF (NYSEARCA:BITO) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 162,541 shares of the company’s stock, valued at approximately $1,820,000. ProShares Bitcoin ETF accounts for 0.6% of Thor Trading Advisors LLC’s holdings, making the stock its 17th largest position. Thor Trading Advisors LLC owned approximately 0.11% of ProShares Bitcoin ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IMC Chicago LLC bought a new stake in shares of ProShares Bitcoin ETF in the second quarter worth about $10,223,000. HighTower Advisors LLC raised its position in ProShares Bitcoin ETF by 371.3% during 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 during the last quarter. Simplex Trading LLC purchased a new stake in ProShares Bitcoin ETF in the 3rd quarter worth approximately $1,927,000. StoneX Group Inc. lifted its holdings 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 buying an additional 154,856 shares during the period. Finally, LFG Wealth Partners LLC purchased a new stake in ProShares Bitcoin ETF in the 1st quarter worth approximately $667,000.

ProShares Bitcoin ETF Trading Down 1.6%

Shares of BITO stock opened at $9.79 on Wednesday. ProShares Bitcoin ETF has a fifty-two week low of $7.87 and a fifty-two week high of $16.44. The business’s 50 day moving average price is $10.81 and its 200-day moving average price is $9.89.

Shares of ProShares Bitcoin ETF 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 market closes on Wednesday, November 18th.

ProShares Bitcoin ETF 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.