ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) Trading Up 4.6%

ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)’s stock price shot up 4.6% on Thursday . The stock traded as high as $28.02 and last traded at $27.87. 3,978,422 shares changed hands during trading, a decline of 82% from the average session volume of 22,651,242 shares. The stock had previously closed at $26.64.

ProShares Bitcoin Strategy ETF Trading Up 1.2 %

The company has a fifty day simple moving average of $28.93 and a two-hundred day simple moving average of $22.48.

Institutional Trading of ProShares Bitcoin Strategy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. bought a new stake in shares of ProShares Bitcoin Strategy ETF in the 4th quarter valued at about $74,000. HighTower Advisors LLC increased its stake in shares of ProShares Bitcoin Strategy ETF by 8.1% in the 3rd quarter. HighTower Advisors LLC now owns 73,379 shares of the company’s stock valued at $1,011,000 after acquiring an additional 5,516 shares during the last quarter. Brookstone Capital Management bought a new stake in shares of ProShares Bitcoin Strategy ETF in the 4th quarter valued at about $303,000. EisnerAmper Wealth Management Corporate Benefits LLC bought a new stake in shares of ProShares Bitcoin Strategy ETF in the 4th quarter valued at about $275,000. Finally, MFA Wealth Advisors LLC increased its stake in shares of ProShares Bitcoin Strategy ETF by 3.4% in the 3rd quarter. MFA Wealth Advisors LLC now owns 212,019 shares of the company’s stock valued at $2,928,000 after acquiring an additional 6,913 shares during the last quarter.

About ProShares Bitcoin Strategy 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.