IMC Chicago LLC Buys New Position in ProShares Bitcoin ETF $BITO

IMC Chicago LLC bought a new position in ProShares Bitcoin ETF (NYSEARCA:BITO) in the second quarter, Holdings Channel.com reports. The firm bought 1,281,050 shares of the company’s stock, valued at approximately $10,223,000.

Several other institutional investors and hedge funds have also bought and sold shares of BITO. Kelleher Financial Advisors purchased a new position in shares of ProShares Bitcoin ETF during the third quarter worth $26,000. Barclays PLC grew its position in ProShares Bitcoin ETF by 210,000.0% during the 4th quarter. Barclays PLC now owns 2,101 shares of the company’s stock worth $26,000 after purchasing an additional 2,100 shares during the period. Ramsey Quantitative Systems purchased a new position in shares of ProShares Bitcoin ETF during the 1st quarter valued at about $37,000. Sunbelt Securities Inc. lifted its holdings in shares of ProShares Bitcoin ETF by 432.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,128 shares of the company’s stock valued at $42,000 after buying an additional 1,728 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of ProShares Bitcoin ETF by 422.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,100 shares of the company’s stock worth $67,000 after buying an additional 2,507 shares during the last quarter.

ProShares Bitcoin ETF Price Performance

ProShares Bitcoin ETF stock opened at $8.50 on Monday. The business’s 50-day moving average price is $8.59 and its 200 day moving average price is $9.50. ProShares Bitcoin ETF has a 52 week low of $7.87 and a 52 week high of $21.48.

ProShares Bitcoin ETF Company 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.