ProShares Bitcoin ETF (NYSEARCA:BITO) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,522 shares of the company’s stock after selling 647 shares during the quarter. Private Advisor Group LLC’s holdings in ProShares Bitcoin ETF were worth $354,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. purchased a new stake in shares of ProShares Bitcoin ETF during the 4th quarter worth $363,000. Tcfg Wealth Management LLC purchased a new position in shares of ProShares Bitcoin ETF in the 4th quarter valued at about $865,000. Allworth Financial LP lifted its stake in ProShares Bitcoin ETF by 333.9% during the fourth quarter. Allworth Financial LP now owns 4,053 shares of the company’s stock worth $92,000 after purchasing an additional 3,119 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in ProShares Bitcoin ETF during the fourth quarter worth approximately $1,021,000. Finally, Avestar Capital LLC acquired a new stake in ProShares Bitcoin ETF during the 4th quarter worth $205,000.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA BITO opened at $19.38 on Wednesday. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79. The business has a 50-day moving average price of $23.06 and a 200 day moving average price of $21.75.

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.