PFG Investments LLC Decreases Position in ProShares Bitcoin ETF $BITO

PFG Investments LLC decreased its holdings in ProShares Bitcoin ETF (NYSEARCA:BITO) by 52.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,793 shares of the company’s stock after selling 116,428 shares during the period. PFG Investments LLC owned about 0.06% of ProShares Bitcoin ETF worth $994,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Cerity Partners LLC increased its position in shares of ProShares Bitcoin ETF by 4.1% in the 2nd quarter. Cerity Partners LLC now owns 16,298 shares of the company’s stock valued at $351,000 after purchasing an additional 635 shares during the last quarter. Lido Advisors LLC lifted its position in shares of ProShares Bitcoin ETF by 8.9% during the 3rd quarter. Lido Advisors LLC now owns 10,673 shares of the company’s stock worth $210,000 after purchasing an additional 874 shares during the last quarter. Bank of America Corp DE lifted its position in shares of ProShares Bitcoin ETF by 2.0% during the 3rd quarter. Bank of America Corp DE now owns 52,200 shares of the company’s stock worth $1,027,000 after purchasing an additional 1,000 shares during the last quarter. Blair William & Co. IL grew its stake in shares of ProShares Bitcoin ETF by 10.9% during the third quarter. Blair William & Co. IL now owns 11,216 shares of the company’s stock worth $221,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Kelleher Financial Advisors acquired a new position in shares of ProShares Bitcoin ETF during the third quarter worth $26,000.

ProShares Bitcoin ETF Stock Performance

BITO opened at $8.34 on Monday. ProShares Bitcoin ETF has a one year low of $7.87 and a one year high of $23.49. The business’s 50-day simple moving average is $9.59 and its 200-day simple moving average is $10.34.

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.