ProShares Bitcoin Strategy ETF Sees Unusually Large Options Volume (NYSEARCA:BITO)

ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) was the target of some unusual options trading on Tuesday. Traders bought 386,148 call options on the company. This represents an increase of 199% compared to the typical volume of 129,086 call options.

Institutional Trading of ProShares Bitcoin Strategy ETF

Several large investors have recently made changes to their positions in BITO. Atlantic Union Bankshares Corp lifted its stake in shares of ProShares Bitcoin Strategy ETF by 12.5% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 45,586 shares of the company’s stock valued at $630,000 after purchasing an additional 5,060 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in ProShares Bitcoin Strategy ETF by 8.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 48,413 shares of the company’s stock worth $669,000 after purchasing an additional 3,569 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in ProShares Bitcoin Strategy ETF by 8.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 43,314 shares of the company’s stock worth $598,000 after purchasing an additional 3,442 shares during the period. Total Investment Management Inc. increased its holdings in shares of ProShares Bitcoin Strategy ETF by 22.8% in the 3rd quarter. Total Investment Management Inc. now owns 78,989 shares of the company’s stock valued at $1,091,000 after acquiring an additional 14,669 shares during the last quarter. Finally, SevenBridge Financial Group LLC purchased a new position in shares of ProShares Bitcoin Strategy ETF in the 3rd quarter valued at about $187,000.

ProShares Bitcoin Strategy ETF Stock Performance

ProShares Bitcoin Strategy ETF stock opened at $25.61 on Wednesday. ProShares Bitcoin Strategy ETF has a 12 month low of $12.79 and a 12 month high of $33.79. The business has a 50 day simple moving average of $29.42 and a 200-day simple moving average of $23.29.

ProShares Bitcoin Strategy ETF Company 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.