Interchange Capital Partners LLC Cuts Stake in ProShares Bitcoin ETF (NYSEARCA:BITO)

Interchange Capital Partners LLC cut its stake in ProShares Bitcoin ETF (NYSEARCA:BITO) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,619 shares of the company’s stock after selling 745 shares during the quarter. Interchange Capital Partners LLC’s holdings in ProShares Bitcoin ETF were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. LPL Financial LLC purchased a new stake in shares of ProShares Bitcoin ETF during the fourth quarter worth $206,000. Thrivent Financial for Lutherans boosted its position in ProShares Bitcoin ETF by 33.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 19,815 shares of the company’s stock worth $466,000 after acquiring an additional 4,986 shares during the last quarter. Harbour Investments Inc. grew its stake in ProShares Bitcoin ETF by 18.8% during the 4th quarter. Harbour Investments Inc. now owns 2,944 shares of the company’s stock valued at $67,000 after acquiring an additional 466 shares in the last quarter. United Capital Management of KS Inc. raised its holdings in ProShares Bitcoin ETF by 9.3% in the 4th quarter. United Capital Management of KS Inc. now owns 14,584 shares of the company’s stock valued at $332,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Paragon Private Wealth Management LLC purchased a new position in ProShares Bitcoin ETF in the 4th quarter worth approximately $254,000.

ProShares Bitcoin ETF Stock Performance

Shares of ProShares Bitcoin ETF stock opened at $19.65 on Tuesday. ProShares Bitcoin ETF has a 1-year low of $16.11 and a 1-year high of $32.76. The stock’s 50 day simple moving average is $21.81 and its 200-day simple moving average is $21.72.

ProShares Bitcoin ETF 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.