ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) was the target of some unusual options trading activity on Thursday. Stock traders purchased 251,944 call options on the company. This represents an increase of approximately 52% compared to the average volume of 165,547 call options.
ProShares Bitcoin ETF Stock Up 4.0 %
Shares of BITO opened at $26.43 on Friday. ProShares Bitcoin ETF has a 52 week low of $16.11 and a 52 week high of $33.79. The company’s 50 day moving average price is $19.74 and its 200 day moving average price is $21.61.
Institutional Trading of ProShares Bitcoin ETF
Several large investors have recently added to or reduced their stakes in BITO. Cedar Mountain Advisors LLC boosted its position in ProShares Bitcoin ETF by 112.7% during the second quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock worth $25,000 after purchasing an additional 594 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of ProShares Bitcoin ETF by 1,200.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock worth $25,000 after buying an additional 1,200 shares during the period. LGT Financial Advisors LLC acquired a new position in ProShares Bitcoin ETF in the 3rd quarter valued at $28,000. Hantz Financial Services Inc. raised its holdings in ProShares Bitcoin ETF by 408.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock worth $28,000 after acquiring an additional 1,172 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in ProShares Bitcoin ETF during the 3rd quarter worth $29,000.
ProShares Bitcoin ETF Company 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.
See Also
- Five stocks we like better than ProShares Bitcoin ETF
- Learn Technical Analysis Skills to Master the Stock Market
- Why Palo Alto Networks’ Multi-Year Uptrend Is Far From Over
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- 3 Rock-Solid Buying Opportunities in the Market Right Now
- What is a Dividend King?
- TJX Companies Stock Poised to Hit a New High This Year
Receive News & Ratings for ProShares Bitcoin ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Bitcoin ETF and related companies with MarketBeat.com's FREE daily email newsletter.
