8,000 Shares in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) Acquired by Abundance Wealth Counselors

Abundance Wealth Counselors acquired a new position in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 8,000 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ARK Investment Management LLC bought a new stake in ProShares Bitcoin Strategy ETF during the 4th quarter valued at $93,213,000. Simplex Trading LLC boosted its position in ProShares Bitcoin Strategy ETF by 770.7% during the 4th quarter. Simplex Trading LLC now owns 596,737 shares of the company’s stock valued at $12,227,000 after acquiring an additional 528,205 shares in the last quarter. United Capital Management of KS Inc. bought a new stake in ProShares Bitcoin Strategy ETF during the 1st quarter valued at $13,228,000. IMC Chicago LLC bought a new stake in ProShares Bitcoin Strategy ETF during the 1st quarter valued at $10,641,000. Finally, Total Investment Management Inc. boosted its position in ProShares Bitcoin Strategy ETF by 173.2% during the 4th quarter. Total Investment Management Inc. now owns 215,808 shares of the company’s stock valued at $4,422,000 after acquiring an additional 136,819 shares in the last quarter.

ProShares Bitcoin Strategy ETF Stock Down 2.4 %

Shares of NYSEARCA BITO opened at $21.17 on Thursday. The stock’s fifty day simple moving average is $25.57 and its two-hundred day simple moving average is $25.50. ProShares Bitcoin Strategy ETF has a 12-month low of $12.79 and a 12-month high of $33.79.

About ProShares Bitcoin Strategy 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.