Oppenheimer & Co. Inc. Lowers Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

Oppenheimer & Co. Inc. cut its holdings in ProShares Bitcoin ETF (NYSEARCA:BITO) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,637 shares of the company’s stock after selling 1,734 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in ProShares Bitcoin ETF were worth $265,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in ProShares Bitcoin ETF by 408.4% in the third 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. Venturi Wealth Management LLC bought a new position in ProShares Bitcoin ETF in the third quarter worth about $29,000. Bay Harbor Wealth Management LLC raised its holdings 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 worth $34,000 after purchasing an additional 904 shares in the last quarter. Heck Capital Advisors LLC bought a new position in ProShares Bitcoin ETF in the fourth quarter worth about $49,000. Finally, Caitlin John LLC raised its holdings in ProShares Bitcoin ETF by 35.7% in the fourth quarter. Caitlin John LLC now owns 3,114 shares of the company’s stock worth $71,000 after purchasing an additional 820 shares in the last quarter.

ProShares Bitcoin ETF Trading Down 2.4 %

Shares of ProShares Bitcoin ETF stock opened at $19.39 on Friday. The company has a 50-day simple moving average of $22.84 and a two-hundred day simple moving average of $21.75. ProShares Bitcoin ETF has a one year low of $16.11 and a one year high of $33.79.

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.