Means Investment CO. Inc. Boosts Holdings in ProShares Bitcoin ETF (NYSEARCA:BITO)

Means Investment CO. Inc. boosted its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,480 shares of the company’s stock after acquiring an additional 2,027 shares during the period. Means Investment CO. Inc.’s holdings in ProShares Bitcoin ETF were worth $421,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BITO. Legacy Investment Solutions LLC bought a new position in ProShares Bitcoin ETF during the third quarter worth about $11,254,000. Whitebox Advisors LLC grew its stake in ProShares Bitcoin ETF by 19.7% in the 3rd quarter. Whitebox Advisors LLC now owns 697,042 shares of the company’s stock valued at $13,376,000 after buying an additional 114,872 shares in the last quarter. IHT Wealth Management LLC raised its holdings in ProShares Bitcoin ETF by 100.5% during the 3rd quarter. IHT Wealth Management LLC now owns 196,782 shares of the company’s stock valued at $3,619,000 after acquiring an additional 98,643 shares during the period. Total Investment Management Inc. raised its holdings in ProShares Bitcoin ETF by 118.4% during the 3rd quarter. Total Investment Management Inc. now owns 150,982 shares of the company’s stock valued at $2,897,000 after acquiring an additional 81,836 shares during the period. Finally, Stevens Capital Management LP boosted its holdings in shares of ProShares Bitcoin ETF by 376.6% in the third quarter. Stevens Capital Management LP now owns 86,233 shares of the company’s stock worth $1,655,000 after acquiring an additional 68,139 shares during the period.

ProShares Bitcoin ETF Price Performance

Shares of BITO opened at $24.59 on Monday. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79. The stock’s 50-day simple moving average is $24.69 and its 200 day simple moving average is $21.64.

About ProShares Bitcoin ETF

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.