Short Interest in ProShares Bitcoin ETF (NYSEARCA:BITO) Grows By 38.0%

by · The Markets Daily

ProShares Bitcoin ETF (NYSEARCA:BITO – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 32,406,785 shares, a growth of 38.0% from the December 15th total of 23,490,727 shares. Approximately 17.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 42,092,917 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 42,092,917 shares, the short-interest ratio is presently 0.8 days. Approximately 17.4% of the shares of the stock are sold short.

Institutional Trading of ProShares Bitcoin ETF

Hedge funds have recently bought and sold shares of the company. Acorns Advisers LLC raised its stake in shares of ProShares Bitcoin ETF by 16.5% in the 3rd quarter. Acorns Advisers LLC now owns 4,576,226 shares of the company’s stock valued at $90,060,000 after acquiring an additional 647,924 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of ProShares Bitcoin ETF by 139.3% during the 3rd quarter. Tidal Investments LLC now owns 912,135 shares of the company’s stock worth $17,165,000 after buying an additional 530,987 shares during the period. RK Capital Management LLC FL grew its stake in ProShares Bitcoin ETF by 374.5% in the 2nd quarter. RK Capital Management LLC FL now owns 833,600 shares of the company’s stock valued at $17,931,000 after buying an additional 657,910 shares during the last quarter. Faithward Advisors LLC raised its holdings in ProShares Bitcoin ETF by 3.0% in the 2nd quarter. Faithward Advisors LLC now owns 785,517 shares of the company’s stock worth $16,896,000 after acquiring an additional 23,237 shares during the period. Finally, Fielder Capital Group LLC lifted its position in ProShares Bitcoin ETF by 14.5% during the 3rd quarter. Fielder Capital Group LLC now owns 508,475 shares of the company’s stock worth $10,007,000 after acquiring an additional 64,525 shares during the last quarter.

ProShares Bitcoin ETF Price Performance

Shares of NYSEARCA:BITO traded up $0.05 on Friday, reaching $13.26. 51,319,296 shares of the company traded hands, compared to its average volume of 58,656,438. The company’s 50 day moving average is $13.39 and its 200-day moving average is $17.77. ProShares Bitcoin ETF has a fifty-two week low of $12.00 and a fifty-two week high of $26.10.

About ProShares Bitcoin ETF

(Get Free Report)

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.

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