ARK Investment Management LLC bought a new position in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,549,207 shares of the company’s stock, valued at approximately $93,213,000. ARK Investment Management LLC owned about 6.35% of ProShares Bitcoin Strategy ETF as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in ProShares Bitcoin Strategy ETF by 8,714.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 8,814,147 shares of the company’s stock valued at $102,332,000 after acquiring an additional 8,714,147 shares during the period. Renaissance Technologies LLC purchased a new stake in ProShares Bitcoin Strategy ETF during the 2nd quarter valued at about $5,057,000. Flow Traders U.S. LLC purchased a new stake in ProShares Bitcoin Strategy ETF during the 1st quarter valued at about $10,581,000. Parallax Volatility Advisers L.P. lifted its holdings in ProShares Bitcoin Strategy ETF by 335.6% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 236,733 shares of the company’s stock worth $2,748,000 after buying an additional 337,209 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in ProShares Bitcoin Strategy ETF in the 2nd quarter worth approximately $5,094,000.
ProShares Bitcoin Strategy ETF Trading Down 1.4 %
NYSEARCA BITO opened at $31.26 on Thursday. ProShares Bitcoin Strategy ETF has a fifty-two week low of $12.79 and a fifty-two week high of $33.79. The stock has a 50 day simple moving average of $25.78 and a two-hundred day simple moving average of $20.65.
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.
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