IHT Wealth Management LLC boosted its holdings in ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report) by 100.5% during the third quarter, HoldingsChannel.com reports. The fund owned 196,782 shares of the company’s stock after purchasing an additional 98,643 shares during the period. IHT Wealth Management LLC’s holdings in ProShares Bitcoin ETF were worth $3,619,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in BITO. Cedar Mountain Advisors LLC grew its stake in shares of ProShares Bitcoin ETF by 112.7% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock valued at $25,000 after purchasing an additional 594 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of ProShares Bitcoin ETF by 1,200.0% during the 3rd 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 acquired a new stake in ProShares Bitcoin ETF in the 3rd quarter valued at $28,000. Hantz Financial Services Inc. grew its position in ProShares Bitcoin ETF by 408.4% in the third quarter. Hantz Financial Services Inc. now owns 1,459 shares of the company’s stock valued at $28,000 after acquiring an additional 1,172 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in ProShares Bitcoin ETF during the third quarter worth $29,000.
ProShares Bitcoin ETF Price Performance
Shares of NYSEARCA BITO opened at $24.67 on Wednesday. The business has a fifty day moving average of $21.02 and a two-hundred day moving average of $21.57. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-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.
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Want to see what other hedge funds are holding BITO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Bitcoin ETF (NYSEARCA:BITO – Free Report).
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