ProShares Bitcoin ETF (NYSEARCA:BITO) Stock Position Raised by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC increased its position in ProShares Bitcoin ETF (NYSEARCA:BITO) by 29.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 78,383 shares of the company’s stock after purchasing an additional 17,746 shares during the period. Dynamic Advisor Solutions LLC’s holdings in ProShares Bitcoin ETF were worth $1,786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BITO. Hexagon Capital Partners LLC boosted its position in shares of ProShares Bitcoin ETF by 1,200.0% in the third quarter. Hexagon Capital Partners LLC now owns 1,300 shares of the company’s stock worth $25,000 after buying an additional 1,200 shares during the period. LGT Financial Advisors LLC purchased a new stake in ProShares Bitcoin ETF in the 3rd quarter worth about $28,000. Hantz Financial Services Inc. lifted its stake in ProShares Bitcoin ETF by 408.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock worth $28,000 after acquiring an additional 1,172 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in ProShares Bitcoin ETF during the 3rd quarter worth about $29,000. Finally, Cedar Mountain Advisors LLC grew its stake in ProShares Bitcoin ETF by 57.8% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 1,769 shares of the company’s stock valued at $34,000 after acquiring an additional 648 shares in the last quarter.

ProShares Bitcoin ETF Trading Up 1.6 %

Shares of BITO opened at $25.44 on Friday. The business’s 50-day moving average is $24.77 and its 200-day moving average is $21.50. ProShares Bitcoin ETF has a fifty-two week low of $16.11 and a fifty-two week high of $33.79.

ProShares Bitcoin ETF 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.