ProShares Bitcoin ETF (NYSEARCA:BITO) Shares Sold by Capital Performance Advisors LLP

Capital Performance Advisors LLP lowered its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 80.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,021 shares of the company’s stock after selling 8,500 shares during the period. Capital Performance Advisors LLP’s holdings in ProShares Bitcoin ETF were worth $39,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Cedar Mountain Advisors LLC lifted its stake in shares of ProShares Bitcoin ETF by 112.7% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock valued at $25,000 after purchasing an additional 594 shares during the period. Hexagon Capital Partners LLC raised its position in shares of ProShares Bitcoin ETF by 1,200.0% in the third quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock worth $25,000 after acquiring an additional 1,200 shares during the period. LGT Financial Advisors LLC purchased a new stake in shares of ProShares Bitcoin ETF during the 3rd quarter worth about $28,000. Natixis acquired a new stake in shares of ProShares Bitcoin ETF during the 1st quarter valued at about $40,000. Finally, Kings Path Partners LLC acquired a new stake in shares of ProShares Bitcoin ETF during the 2nd quarter valued at about $45,000.

ProShares Bitcoin ETF Stock Up 0.1 %

NYSEARCA BITO opened at $20.70 on Monday. The stock has a 50-day moving average of $18.63 and a 200 day moving average of $21.71. ProShares Bitcoin ETF has a twelve month low of $16.11 and a twelve month high of $33.79.

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.