NewEdge Advisors LLC Buys 7,405 Shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

NewEdge Advisors LLC grew its stake in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 14.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,744 shares of the company’s stock after acquiring an additional 7,405 shares during the quarter. NewEdge Advisors LLC owned 0.07% of ProShares Bitcoin Strategy ETF worth $1,345,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BITO. Cedar Mountain Advisors LLC increased its stake in ProShares Bitcoin Strategy ETF by 112.7% in the second 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 in the last quarter. Natixis acquired a new position in shares of ProShares Bitcoin Strategy ETF in the 1st quarter valued at $40,000. Wealth Enhancement Advisory Services LLC increased its position in shares of ProShares Bitcoin Strategy ETF by 6.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,723 shares of the company’s stock valued at $489,000 after buying an additional 1,300 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in ProShares Bitcoin Strategy ETF by 12.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 11,979 shares of the company’s stock worth $387,000 after buying an additional 1,373 shares during the period. Finally, Thrive Wealth Management LLC lifted its holdings in ProShares Bitcoin Strategy ETF by 16.6% during the second quarter. Thrive Wealth Management LLC now owns 10,290 shares of the company’s stock worth $232,000 after acquiring an additional 1,464 shares in the last quarter.

ProShares Bitcoin Strategy ETF Price Performance

NYSEARCA:BITO opened at $17.77 on Friday. ProShares Bitcoin Strategy ETF has a 1 year low of $13.48 and a 1 year high of $33.79. The stock has a 50-day moving average price of $19.00 and a two-hundred day moving average price of $23.58.

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.