Oppenheimer & Co. Inc. Sells 21,998 Shares of ProShares Bitcoin ETF (NYSEARCA:BITO)

Oppenheimer & Co. Inc. reduced its stake in shares of ProShares Bitcoin ETF (NYSEARCA:BITO) by 62.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,371 shares of the company’s stock after selling 21,998 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in ProShares Bitcoin ETF were worth $257,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Natixis purchased a new position in shares of ProShares Bitcoin ETF during the 1st quarter worth approximately $40,000. CreativeOne Wealth LLC purchased a new stake in shares of ProShares Bitcoin ETF in the 1st quarter worth about $217,000. Toronto Dominion Bank purchased a new stake in shares of ProShares Bitcoin ETF in the 1st quarter worth about $484,000. Wick Capital Partners LLC bought a new position in shares of ProShares Bitcoin ETF in the 1st quarter worth about $318,000. Finally, Whitebox Advisors LLC lifted its position in ProShares Bitcoin ETF by 41.6% during the 1st quarter. Whitebox Advisors LLC now owns 538,000 shares of the company’s stock valued at $17,377,000 after acquiring an additional 158,175 shares during the period.

ProShares Bitcoin ETF Trading Up 1.0 %

BITO stock opened at $26.69 on Friday. The firm has a 50 day moving average price of $19.91 and a 200-day moving average price of $21.65. ProShares Bitcoin ETF has a 52-week low of $16.11 and a 52-week high of $33.79.

About ProShares Bitcoin ETF

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.