Means Investment CO. Inc. Raises Position in ProShares Bitcoin ETF (NYSEARCA:BITO)

Means Investment CO. Inc. lifted its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 49.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,453 shares of the company’s stock after purchasing an additional 5,468 shares during the quarter. Means Investment CO. Inc.’s holdings in ProShares Bitcoin ETF were worth $316,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Jane Street Group LLC grew its holdings in ProShares Bitcoin ETF by 170.8% during the 1st quarter. Jane Street Group LLC now owns 19,154,637 shares of the company’s stock valued at $618,695,000 after purchasing an additional 12,081,007 shares during the last quarter. Sylebra Capital LLC purchased a new stake in shares of ProShares Bitcoin ETF in the first quarter worth approximately $24,996,000. United Capital Management of KS Inc. bought a new stake in shares of ProShares Bitcoin ETF during the 1st quarter worth approximately $13,228,000. IMC Chicago LLC purchased a new position in ProShares Bitcoin ETF during the 1st quarter valued at $10,641,000. Finally, Proficio Capital Partners LLC grew its position in ProShares Bitcoin ETF by 308.6% in the 1st quarter. Proficio Capital Partners LLC now owns 249,695 shares of the company’s stock valued at $8,065,000 after acquiring an additional 188,580 shares during the last quarter.

ProShares Bitcoin ETF Trading Up 2.7 %

BITO stock opened at $19.52 on Friday. ProShares Bitcoin ETF has a twelve month low of $14.50 and a twelve month high of $33.79. The business’s fifty day simple moving average is $18.62 and its two-hundred day simple moving average is $22.71.

ProShares Bitcoin 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.