Burns Matteson Capital Management LLC Makes New Investment in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Burns Matteson Capital Management LLC purchased a new position in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,838 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ARK Investment Management LLC bought a new stake in ProShares Bitcoin Strategy ETF during the 4th quarter worth about $93,213,000. Simplex Trading LLC lifted its position in ProShares Bitcoin Strategy ETF by 51.9% during the 1st quarter. Simplex Trading LLC now owns 906,491 shares of the company’s stock worth $29,279,000 after buying an additional 309,754 shares in the last quarter. United Capital Management of KS Inc. bought a new stake in shares of ProShares Bitcoin Strategy ETF in the 1st quarter valued at about $13,228,000. IMC Chicago LLC bought a new stake in shares of ProShares Bitcoin Strategy ETF in the 1st quarter valued at about $10,641,000. Finally, Proficio Capital Partners LLC raised its holdings in shares of ProShares Bitcoin Strategy ETF by 308.6% in the 1st quarter. Proficio Capital Partners LLC now owns 249,695 shares of the company’s stock valued at $8,065,000 after purchasing an additional 188,580 shares during the period.

ProShares Bitcoin Strategy ETF Stock Down 1.7 %

Shares of BITO stock traded down $0.39 on Thursday, reaching $22.57. The stock had a trading volume of 6,305,116 shares, compared to its average volume of 15,988,442. The firm’s 50-day moving average is $24.27 and its two-hundred day moving average is $25.54. ProShares Bitcoin Strategy ETF has a 12 month low of $12.79 and a 12 month high of $33.79.

ProShares Bitcoin Strategy 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.