Nkcfo LLC increased its stake in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Free Report) by 111.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,000 shares of the company’s stock after purchasing an additional 20,000 shares during the period. ProShares Bitcoin Strategy ETF accounts for 0.4% of Nkcfo LLC’s portfolio, making the stock its 27th largest position. Nkcfo LLC’s holdings in ProShares Bitcoin Strategy ETF were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in shares of ProShares Bitcoin Strategy ETF during the 4th quarter valued at $25,000. Benjamin Edwards Inc. acquired a new position in shares of ProShares Bitcoin Strategy ETF in the 4th quarter worth $37,000. Valley National Advisers Inc. acquired a new position in shares of ProShares Bitcoin Strategy ETF in the 4th quarter worth $40,000. Larson Financial Group LLC grew its holdings in shares of ProShares Bitcoin Strategy ETF by 19.5% in the 4th quarter. Larson Financial Group LLC now owns 3,230 shares of the company’s stock worth $66,000 after acquiring an additional 527 shares during the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of ProShares Bitcoin Strategy ETF during the fourth quarter valued at $74,000.
ProShares Bitcoin Strategy ETF Stock Performance
Shares of BITO stock traded up $1.09 on Friday, reaching $25.22. 8,522,054 shares of the company’s stock traded hands, compared to its average volume of 21,065,252. ProShares Bitcoin Strategy ETF has a 12-month low of $12.79 and a 12-month high of $33.79. The business’s 50 day moving average price is $29.41 and its two-hundred day moving average price is $23.50.
ProShares Bitcoin Strategy 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.
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