Home web3.0 ProShares Bitcoin Strategy ETF (BITO) Stock Up 2.8% as Jane Street Group Lifts Stake by 170.8%

ProShares Bitcoin Strategy ETF (BITO) Stock Up 2.8% as Jane Street Group Lifts Stake by 170.8%

Jul 18, 2024 pm 07:56 PM

Shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $20.22, but opened at $22.02. ProShares Bitcoin Strategy ETF shares last traded at $21.97, with a volume of 1,472,086 shares traded.

ProShares Bitcoin Strategy ETF (BITO) Stock Up 2.8% as Jane Street Group Lifts Stake by 170.8%

ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) shares gapped up before the market opens on Monday. The stock last closed at $20.22, but opened at $22.02.

ProShares Bitcoin Strategy ETF shares last traded at $21.97, with a volume of 1,472,086 shares traded.

ProShares Bitcoin Strategy ETF Stock Up 2.8%

The stock has a fifty day moving average of $24.64 and a 200-day moving average of $25.51.

Institutional Investors Weigh In On ProShares Bitcoin Strategy ETF

Recent institutional trading activity in the stock includes Jane Street Group LLC, which lifted its stake in ProShares Bitcoin Strategy ETF by 170.8% during the first quarter, now holding 19,154,637 shares of the stock, valued at $618,695,000 after buying an additional 12,081,007 shares during the last quarter. Among the hedge funds surveyed by InvestingPro, ARK Investment Management LLC acquired a new stake in ProShares Bitcoin Strategy ETF in the 4th quarter, valued at $93,213,000. In the 1st quarter, Sylebra Capital LLC purchased a new stake in ProShares Bitcoin Strategy ETF, valued at $24,996,000. Simplex Trading LLC boosted its stake in ProShares Bitcoin Strategy ETF by 770.7% during the 4th quarter, now holding 596,737 shares of the company's stock, valued at $12,227,000 after purchasing an additional 528,205 shares during the period. Finally, United Capital Management of KS Inc. purchased a new stake in ProShares Bitcoin Strategy ETF during the 1st quarter, valued at $13,228,000.

ProShares Bitcoin Strategy ETF Company Profile

The ProShares Bitcoin Strategy ETF (BITO) is an exchange-traded fund that primarily 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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