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

ProShares Bitcoin ETF (NYSEARCA:BITO) was the target of some unusual options trading activity on Wednesday. Investors bought 25,420 call options on the company. This is an increase of 97% compared to the typical volume of 12,908 call options.

Institutional Trading of ProShares Bitcoin ETF

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

ProShares Bitcoin ETF Trading Up 6.1%

Shares of ProShares Bitcoin ETF stock traded up $0.53 on Wednesday, hitting $9.26. 108,415,602 shares of the company’s stock were exchanged, compared to its average volume of 145,886,531. ProShares Bitcoin ETF has a 1 year low of $7.87 and a 1 year high of $21.25. The company has a 50-day simple moving average of $8.60 and a 200-day simple moving average of $9.45.

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.