Total Investment Management Inc. Acquires 81,836 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Total Investment Management Inc. raised its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 118.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 150,982 shares of the company’s stock after acquiring an additional 81,836 shares during the period. ProShares Bitcoin ETF makes up about 0.3% of Total Investment Management Inc.’s holdings, making the stock its 18th largest holding. Total Investment Management Inc.’s holdings in ProShares Bitcoin ETF were worth $2,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Venturi Wealth Management LLC bought a new position in shares of ProShares Bitcoin ETF during the 3rd quarter valued at approximately $29,000. LGT Financial Advisors LLC bought a new stake in shares of ProShares Bitcoin ETF in the 3rd quarter worth about $28,000. Forum Financial Management LP purchased a new stake in shares of ProShares Bitcoin ETF during the 3rd quarter valued at about $672,000. Realta Investment Advisors purchased a new stake in shares of ProShares Bitcoin ETF during the 3rd quarter valued at about $193,000. Finally, Interchange Capital Partners LLC lifted its holdings in shares of ProShares Bitcoin ETF by 6.4% in the 3rd quarter. Interchange Capital Partners LLC now owns 14,364 shares of the company’s stock valued at $276,000 after acquiring an additional 858 shares during the last quarter.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA BITO opened at $23.26 on Tuesday. ProShares Bitcoin ETF has a 1-year low of $16.11 and a 1-year high of $33.79. The business’s 50 day moving average is $18.72 and its two-hundred day moving average is $21.64.

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.