Commonwealth Equity Services LLC Grows Stock Holdings in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Commonwealth Equity Services LLC lifted its stake in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,484 shares of the company’s stock after purchasing an additional 4,279 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of ProShares Bitcoin Strategy ETF worth $1,294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cedar Mountain Advisors LLC lifted its holdings 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 acquired a new position in ProShares Bitcoin Strategy ETF in the 1st quarter valued at about $40,000. Kings Path Partners LLC acquired a new position in ProShares Bitcoin Strategy ETF in the 2nd quarter valued at about $45,000. VitalStone Financial LLC increased its position in ProShares Bitcoin Strategy ETF by 450.3% in the 4th quarter. VitalStone Financial LLC now owns 2,790 shares of the company’s stock valued at $57,000 after acquiring an additional 2,283 shares during the period. Finally, ORG Partners LLC acquired a new position in ProShares Bitcoin Strategy ETF in the 2nd quarter valued at about $87,000.

ProShares Bitcoin Strategy ETF Stock Performance

Shares of BITO stock opened at $18.12 on Monday. ProShares Bitcoin Strategy ETF has a 52-week low of $13.37 and a 52-week high of $33.79. The stock’s 50-day moving average price is $20.03 and its 200 day moving average price is $24.85.

ProShares Bitcoin Strategy ETF 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.