Stock Traders Purchase High Volume of Call Options on ProShares Bitcoin ETF (NYSEARCA:BITO)

ProShares Bitcoin ETF (NYSEARCA:BITO) was the target of some unusual options trading activity on Monday. Stock traders bought 52,886 call options on the stock. This represents an increase of 50% compared to the typical daily volume of 35,168 call options.

ProShares Bitcoin ETF Trading Down 2.0%

NYSEARCA:BITO opened at $10.57 on Wednesday. ProShares Bitcoin ETF has a fifty-two week low of $10.08 and a fifty-two week high of $23.63. The stock has a fifty day moving average price of $12.76 and a 200-day moving average price of $16.89.

ProShares Bitcoin ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 6th. Stockholders of record on Monday, February 2nd will be given a $0.0097 dividend. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 1.1%.

Institutional Investors Weigh In On ProShares Bitcoin ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. acquired a new position in shares of ProShares Bitcoin ETF during the second quarter valued at about $991,000. Acorns Advisers LLC increased its position in ProShares Bitcoin ETF by 7.0% in the 2nd quarter. Acorns Advisers LLC now owns 3,928,302 shares of the company’s stock valued at $84,498,000 after buying an additional 258,155 shares in the last quarter. Wedbush Securities Inc. raised its stake in ProShares Bitcoin ETF by 23.8% during the 2nd quarter. Wedbush Securities Inc. now owns 35,260 shares of the company’s stock worth $758,000 after buying an additional 6,786 shares during the period. Wealth Management Nebraska raised its stake in ProShares Bitcoin ETF by 16.3% during the 2nd quarter. Wealth Management Nebraska now owns 19,335 shares of the company’s stock worth $413,000 after buying an additional 2,708 shares during the period. Finally, Realta Investment Advisors boosted its holdings in ProShares Bitcoin ETF by 47.6% in the second quarter. Realta Investment Advisors now owns 213,521 shares of the company’s stock worth $4,593,000 after acquiring an additional 68,849 shares in the last quarter.

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.