Investors Purchase Large Volume of ProShares Bitcoin ETF Call Options (NYSEARCA:BITO)

ProShares Bitcoin ETF (NYSEARCA:BITO) saw some unusual options trading activity on Wednesday. Stock traders acquired 25,420 call options on the company. This represents an increase of approximately 97% compared to the typical daily volume of 12,908 call options.

ProShares Bitcoin ETF Trading Up 6.1%

ProShares Bitcoin ETF stock traded up $0.53 during mid-day trading on Wednesday, hitting $9.26. The stock had a trading volume of 108,415,602 shares, compared to its average volume of 145,886,531. ProShares Bitcoin ETF has a one year low of $7.87 and a one year high of $21.25. The firm’s 50 day moving average is $8.60 and its 200 day moving average is $9.45.

Institutional Trading of ProShares Bitcoin ETF

Several institutional investors have recently made changes to their positions in BITO. Goldman Sachs Group Inc. raised its stake in ProShares Bitcoin ETF by 120.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,761,837 shares of the company’s stock valued at $82,224,000 after purchasing an additional 3,700,000 shares during the period. Acorns Advisers LLC grew its holdings in ProShares Bitcoin ETF by 37.1% during the 4th quarter. Acorns Advisers LLC now owns 6,274,599 shares of the company’s stock valued at $76,299,000 after buying an additional 1,698,373 shares in the last quarter. IMC Chicago LLC purchased a new stake in ProShares Bitcoin ETF during the 2nd quarter valued at approximately $10,223,000. Tidal Investments LLC raised its position in shares of ProShares Bitcoin ETF by 139.3% during the third quarter. Tidal Investments LLC now owns 912,135 shares of the company’s stock valued at $17,165,000 after buying an additional 530,987 shares during the last quarter. Finally, Fielder Capital Group LLC raised its position in shares of ProShares Bitcoin ETF by 0.4% during the second quarter. Fielder Capital Group LLC now owns 626,960 shares of the company’s stock valued at $5,003,000 after buying an additional 2,347 shares during the last quarter.

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.