Acorns Advisers LLC Sells 11,481 Shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Acorns Advisers LLC decreased its holdings in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,086,470 shares of the company’s stock after selling 11,481 shares during the period. ProShares Bitcoin Strategy ETF accounts for about 0.5% of Acorns Advisers LLC’s holdings, making the stock its 14th largest holding. Acorns Advisers LLC’s holdings in ProShares Bitcoin Strategy ETF were worth $35,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BITO. US Bancorp DE grew its stake in shares of ProShares Bitcoin Strategy ETF by 7.5% in the 1st quarter. US Bancorp DE now owns 14,393 shares of the company’s stock worth $411,000 after buying an additional 1,000 shares during the last quarter. Bank of Montreal Can grew its stake in shares of ProShares Bitcoin Strategy ETF by 36,809.1% in the 1st quarter. Bank of Montreal Can now owns 81,200 shares of the company’s stock worth $2,397,000 after buying an additional 80,980 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of ProShares Bitcoin Strategy ETF in the 1st quarter worth approximately $10,581,000. Goldman Sachs Group Inc. purchased a new stake in shares of ProShares Bitcoin Strategy ETF in the 1st quarter worth approximately $2,856,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of ProShares Bitcoin Strategy ETF in the 2nd quarter worth approximately $2,322,000.

ProShares Bitcoin Strategy ETF Stock Performance

Shares of ProShares Bitcoin Strategy ETF stock traded up $0.38 during midday trading on Monday, hitting $18.76. The company had a trading volume of 7,018,263 shares, compared to its average volume of 10,196,859. The company has a 50 day moving average of $15.45 and a 200 day moving average of $15.35. ProShares Bitcoin Strategy ETF has a 52-week low of $9.48 and a 52-week high of $19.23.

About ProShares Bitcoin Strategy 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.