ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) Shares Gap Down to $30.62

Shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITOGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $30.62, but opened at $29.18. ProShares Bitcoin Strategy ETF shares last traded at $28.90, with a volume of 5,806,519 shares changing hands.

ProShares Bitcoin Strategy ETF Price Performance

The firm’s 50-day moving average price is $24.81 and its 200 day moving average price is $20.03.

Institutional Trading of ProShares Bitcoin Strategy ETF

Several large investors have recently modified their holdings of the business. SageView Advisory Group LLC purchased a new position in shares of ProShares Bitcoin Strategy ETF during the fourth quarter valued at approximately $245,000. Harbour Investments Inc. lifted its stake in shares of ProShares Bitcoin Strategy ETF by 1,182.5% during the fourth quarter. Harbour Investments Inc. now owns 1,539 shares of the company’s stock valued at $32,000 after buying an additional 1,419 shares during the period. Whitebox Advisors LLC purchased a new position in shares of ProShares Bitcoin Strategy ETF during the fourth quarter valued at approximately $7,783,000. Royal Bank of Canada lifted its stake in shares of ProShares Bitcoin Strategy ETF by 2,849.5% during the fourth quarter. Royal Bank of Canada now owns 11,798 shares of the company’s stock valued at $241,000 after buying an additional 11,398 shares during the period. Finally, Pathstone Holdings LLC purchased a new position in shares of ProShares Bitcoin Strategy ETF during the fourth quarter valued at approximately $206,000.

About ProShares Bitcoin Strategy ETF

(Get Free Report)

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.

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