Proficio Capital Partners LLC Acquires 143,570 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Proficio Capital Partners LLC raised its holdings in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 82.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 317,005 shares of the company’s stock after purchasing an additional 143,570 shares during the quarter. Proficio Capital Partners LLC owned 0.38% of ProShares Bitcoin ETF worth $7,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in shares of ProShares Bitcoin ETF by 408.4% in the third quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock valued at $28,000 after acquiring an additional 1,172 shares in the last quarter. Bay Harbor Wealth Management LLC grew its stake in ProShares Bitcoin ETF by 152.2% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 1,498 shares of the company’s stock valued at $34,000 after purchasing an additional 904 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in ProShares Bitcoin ETF in the third quarter valued at about $29,000. Heck Capital Advisors LLC purchased a new position in ProShares Bitcoin ETF in the fourth quarter valued at about $49,000. Finally, Caitlin John LLC grew its stake in ProShares Bitcoin ETF by 35.7% in the fourth quarter. Caitlin John LLC now owns 3,114 shares of the company’s stock valued at $71,000 after purchasing an additional 820 shares during the last quarter.

ProShares Bitcoin ETF Trading Up 5.7 %

BITO opened at $18.87 on Monday. The business’s 50-day moving average is $22.34 and its two-hundred day moving average is $21.70. ProShares Bitcoin ETF has a 1 year low of $16.11 and a 1 year high of $32.76.

About ProShares Bitcoin 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.