ProShares Bitcoin ETF (NYSEARCA:BITO) Shares Gap Down – Here’s What Happened

ProShares Bitcoin ETF (NYSEARCA:BITOGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $18.87, but opened at $18.46. ProShares Bitcoin ETF shares last traded at $18.45, with a volume of 1,770,142 shares.

ProShares Bitcoin ETF Price Performance

The stock’s 50 day moving average is $22.34 and its two-hundred day moving average is $21.70.

Hedge Funds Weigh In On ProShares Bitcoin ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NBT Bank N A NY lifted its position in ProShares Bitcoin ETF by 1,090.0% during the 4th quarter. NBT Bank N A NY now owns 1,190 shares of the company’s stock worth $27,000 after buying an additional 1,090 shares in the last quarter. Concourse Financial Group Securities Inc. lifted its position in ProShares Bitcoin ETF by 650.9% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 1,284 shares of the company’s stock worth $29,000 after buying an additional 1,113 shares in the last quarter. Hantz Financial Services Inc. lifted its position in ProShares Bitcoin ETF by 408.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock worth $28,000 after buying an additional 1,172 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its position in ProShares Bitcoin ETF by 152.2% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 1,498 shares of the company’s stock worth $34,000 after buying an additional 904 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in ProShares Bitcoin ETF during the 3rd quarter worth about $29,000.

ProShares Bitcoin ETF Company Profile

(Get Free Report)

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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