SIG North Trading ULC Purchases New Stake in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

SIG North Trading ULC purchased a new stake in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 82,512 shares of the company’s stock, valued at approximately $1,857,000. SIG North Trading ULC owned approximately 0.10% of ProShares Bitcoin Strategy ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cedar Mountain Advisors LLC grew its stake in ProShares Bitcoin Strategy ETF by 112.7% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock worth $25,000 after buying an additional 594 shares during the last quarter. Natixis bought a new position in ProShares Bitcoin Strategy ETF during the 1st quarter worth $40,000. Kings Path Partners LLC bought a new position in ProShares Bitcoin Strategy ETF during the 2nd quarter worth $45,000. VitalStone Financial LLC grew its stake in ProShares Bitcoin Strategy ETF by 450.3% during the 4th quarter. VitalStone Financial LLC now owns 2,790 shares of the company’s stock worth $57,000 after buying an additional 2,283 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in ProShares Bitcoin Strategy ETF during the 2nd quarter worth $57,000.

ProShares Bitcoin Strategy ETF Stock Performance

Shares of BITO opened at $19.88 on Friday. The stock has a fifty day moving average price of $19.62 and a 200 day moving average price of $24.21. ProShares Bitcoin Strategy ETF has a 12 month low of $13.48 and a 12 month high of $33.79.

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.