Oppenheimer & Co. Inc. Raised Its Holdings in ProShares Bitcoin Strategy ETF (BITO) by 12.9% in Q1

Oppenheimer & Co. Inc. raised its holdings in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO – Free Report) by 12.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Institutional investors shifted their holdings in ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) during the fourth quarter, according to the latest SEC filing. Geneos Wealth Management Inc. newly acquired shares of ProShares Bitcoin Strategy ETF in the fourth quarter, valued at $25,000. Benjamin Edwards Inc. also acquired shares of ProShares Bitcoin Strategy ETF, valued at $37,000 in the fourth quarter. Valley National Advisers Inc. purchased shares of ProShares Bitcoin Strategy ETF, valued at $40,000 during the fourth quarter. VitalStone Financial LLC increased its holdings in ProShares Bitcoin Strategy ETF by 450.3%, with 2,790 shares of the company's stock, valued at $57,000, after purchasing an additional 2,283 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in ProShares Bitcoin Strategy ETF by 19.5%, with 3,230 shares of the company's stock, valued at $66,000, after purchasing an additional 527 shares in the last quarter.

Institutions holding shares of ProShares Bitcoin Strategy ETF as of March 31 shifted their holdings, with Oppenheimer & Co. Inc. increasing its holdings by 12.9%, Geneos Wealth Management Inc. acquiring a new stake valued at $25,000, and Benjamin Edwards Inc. also buying into BITO for a market value of $37,000.

Examining the performance of BITO stock, we see that it opened at $22.23 on Friday. The company's 50 day simple moving average is $24.53 and its 200-day simple moving average is $25.47. ProShares Bitcoin Strategy ETF has a 12-month low of $12.79 and a 12-month high of $33.79.

The ProShares Bitcoin Strategy ETF (BITO) is an exchange-traded fund that primarily invests in long bitcoin, short usd currency. The fund’s objective is to provide daily investment results, before fees and expenses, that correspond to the performance of bitcoin. The ProShares Bitcoin Strategy ETF (BITO) was launched on Oct 18, 2021 and is managed by ProShares.

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