Headlands Technologies LLC Sells 11,808 Shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO)

Headlands Technologies LLC lowered its stake in shares of ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) by 50.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,703 shares of the company’s stock after selling 11,808 shares during the period. Headlands Technologies LLC’s holdings in ProShares Bitcoin Strategy ETF were worth $263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cedar Mountain Advisors LLC raised its stake in ProShares Bitcoin Strategy ETF by 112.7% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,121 shares of the company’s stock valued at $25,000 after acquiring an additional 594 shares during the period. Natixis bought a new stake in ProShares Bitcoin Strategy ETF in the 1st quarter valued at $40,000. Kings Path Partners LLC bought a new stake in ProShares Bitcoin Strategy ETF in the 2nd quarter valued at $45,000. Ashton Thomas Private Wealth LLC bought a new stake in ProShares Bitcoin Strategy ETF in the 2nd quarter valued at $57,000. Finally, VitalStone Financial LLC raised its stake in ProShares Bitcoin Strategy ETF by 450.3% in the 4th quarter. VitalStone Financial LLC now owns 2,790 shares of the company’s stock valued at $57,000 after acquiring an additional 2,283 shares during the period.

ProShares Bitcoin Strategy ETF Stock Performance

BITO opened at $18.12 on Friday. ProShares Bitcoin Strategy ETF has a 1-year low of $13.37 and a 1-year high of $33.79. The stock’s fifty day simple moving average is $20.03 and its 200 day simple moving average is $24.89.

About ProShares Bitcoin Strategy 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.