ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Get Free Report) was the recipient of some unusual options trading on Thursday. Investors bought 104,558 call options on the company. This is an increase of approximately 93% compared to the average daily volume of 54,065 call options.
Institutional Investors Weigh In On ProShares Bitcoin Strategy ETF
A number of hedge funds have recently added to or reduced their stakes in BITO. US Bancorp DE grew its stake in ProShares Bitcoin Strategy ETF by 7.5% in the first quarter. US Bancorp DE now owns 14,393 shares of the company’s stock valued at $411,000 after acquiring an additional 1,000 shares during the period. Bank of Montreal Can grew its stake in ProShares Bitcoin Strategy ETF by 36,809.1% in the first quarter. Bank of Montreal Can now owns 81,200 shares of the company’s stock valued at $2,397,000 after acquiring an additional 80,980 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of ProShares Bitcoin Strategy ETF during the first quarter valued at approximately $10,581,000. Goldman Sachs Group Inc. purchased a new position in shares of ProShares Bitcoin Strategy ETF during the first quarter valued at approximately $2,856,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of ProShares Bitcoin Strategy ETF during the second quarter valued at approximately $2,322,000.
ProShares Bitcoin Strategy ETF Price Performance
Shares of ProShares Bitcoin Strategy ETF stock opened at $17.01 on Friday. ProShares Bitcoin Strategy ETF has a 52 week low of $9.48 and a 52 week high of $18.39. The stock has a 50 day moving average price of $15.81 and a two-hundred day moving average price of $15.14.
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.
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