PFG Investments LLC Invests $648,000 in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

PFG Investments LLC purchased a new position in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 20,053 shares of the company’s stock, valued at approximately $648,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ARK Investment Management LLC bought a new position in shares of ProShares Bitcoin Strategy ETF during the 4th quarter worth $93,213,000. Acorns Advisers LLC lifted its holdings in ProShares Bitcoin Strategy ETF by 10.0% during the 3rd quarter. Acorns Advisers LLC now owns 2,295,458 shares of the company’s stock worth $31,700,000 after purchasing an additional 208,988 shares in the last quarter. Simplex Trading LLC lifted its holdings in ProShares Bitcoin Strategy ETF by 770.7% during the 4th quarter. Simplex Trading LLC now owns 596,737 shares of the company’s stock worth $12,227,000 after purchasing an additional 528,205 shares in the last quarter. United Capital Management of KS Inc. purchased a new stake in ProShares Bitcoin Strategy ETF during the 1st quarter worth about $13,228,000. Finally, IMC Chicago LLC purchased a new stake in ProShares Bitcoin Strategy ETF during the 1st quarter worth about $10,641,000.

ProShares Bitcoin Strategy ETF Stock Performance

BITO traded down $0.29 during trading on Monday, reaching $27.41. 5,789,404 shares of the company were exchanged, compared to its average volume of 21,486,717. The company’s 50-day moving average is $29.40 and its two-hundred day moving average is $23.21. ProShares Bitcoin Strategy ETF has a 12-month low of $12.79 and a 12-month high of $33.79.

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.