162,541 Shares of ProShares Bitcoin ETF $BITO Acquired by Thor Trading Advisors LLC

Thor Trading Advisors LLC bought a new stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) during the third quarter, Holdings Channel.com reports. The fund bought 162,541 shares of the company’s stock, valued at approximately $1,820,000. ProShares Bitcoin ETF accounts for approximately 0.6% of Thor Trading Advisors LLC’s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. IMC Chicago LLC bought a new position in ProShares Bitcoin ETF in the second quarter worth about $10,223,000. MFA Wealth Advisors LLC lifted its holdings in ProShares Bitcoin ETF by 5.4% in the third quarter. MFA Wealth Advisors LLC now owns 539,612 shares of the company’s stock worth $6,044,000 after buying an additional 27,730 shares during the period. Fielder Capital Group LLC lifted its holdings in ProShares Bitcoin ETF by 0.4% in the second quarter. Fielder Capital Group LLC now owns 626,960 shares of the company’s stock worth $5,003,000 after buying an additional 2,347 shares during the period. Group One Trading LLC boosted its position in ProShares Bitcoin ETF by 14.2% during the 1st quarter. Group One Trading LLC now owns 460,289 shares of the company’s stock valued at $4,285,000 after acquiring an additional 57,065 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in ProShares Bitcoin ETF by 371.3% during the 2nd quarter. HighTower Advisors LLC now owns 421,623 shares of the company’s stock valued at $3,365,000 after acquiring an additional 332,162 shares in the last quarter.

ProShares Bitcoin ETF Trading Down 1.6%

BITO stock opened at $9.79 on Wednesday. ProShares Bitcoin ETF has a fifty-two week low of $7.87 and a fifty-two week high of $16.44. The business’s 50 day moving average price is $10.81 and its two-hundred day moving average price is $9.89.

Shares of ProShares Bitcoin ETF are set to reverse split before the market opens on Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 18th.

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.