ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) Shares Gap Up to $12.25

ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Get Rating) shares gapped up before the market opened on Monday . The stock had previously closed at $12.25, but opened at $13.80. ProShares Bitcoin Strategy ETF shares last traded at $13.82, with a volume of 5,107,540 shares traded.

ProShares Bitcoin Strategy ETF Stock Performance

The stock has a 50 day moving average of $13.78 and a 200 day moving average of $12.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. OLD Mission Capital LLC bought a new position in shares of ProShares Bitcoin Strategy ETF in the fourth quarter worth $173,000. Captrust Financial Advisors acquired a new stake in shares of ProShares Bitcoin Strategy ETF in the fourth quarter valued at $138,000. IHT Wealth Management LLC acquired a new stake in shares of ProShares Bitcoin Strategy ETF in the fourth quarter valued at $1,179,000. Ambassador Advisors LLC acquired a new stake in shares of ProShares Bitcoin Strategy ETF in the fourth quarter valued at $14,743,000. Finally, Laurel Wealth Advisors Inc. lifted its holdings in shares of ProShares Bitcoin Strategy ETF by 4.9% in the fourth quarter. Laurel Wealth Advisors Inc. now owns 23,956 shares of the company’s stock valued at $226,000 after buying an additional 1,129 shares during the period.

About ProShares Bitcoin Strategy ETF

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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.