EverSource Wealth Advisors LLC Makes New $336,000 Investment in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU)

EverSource Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 6,801 shares of the company’s stock, valued at approximately $336,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. lifted its holdings in ProShares Ultra Bitcoin ETF by 58.4% in the fourth quarter. Financial Management Professionals Inc. now owns 76,830 shares of the company’s stock worth $3,797,000 after purchasing an additional 28,329 shares during the period. Bleakley Financial Group LLC bought a new stake in shares of ProShares Ultra Bitcoin ETF during the 4th quarter worth about $1,167,000. Client First Investment Management LLC acquired a new stake in shares of ProShares Ultra Bitcoin ETF in the 4th quarter worth approximately $754,000. Clare Market Investments LLC bought a new position in shares of ProShares Ultra Bitcoin ETF in the fourth quarter valued at approximately $242,000. Finally, Whitaker Myers Wealth Managers LTD. acquired a new position in shares of ProShares Ultra Bitcoin ETF during the fourth quarter valued at approximately $216,000.

ProShares Ultra Bitcoin ETF Stock Up 11.3 %

Shares of NYSEARCA BITU opened at $35.66 on Friday. ProShares Ultra Bitcoin ETF has a 1 year low of $16.30 and a 1 year high of $68.43. The stock has a fifty day moving average price of $48.89 and a two-hundred day moving average price of $42.04.

About ProShares Ultra Bitcoin ETF

The ProShares UltraBitcoin ETF (BITU) is an exchange-traded fund that is based on the Bloomberg Bitcoin index. The fund tracks 2x the daily price movements of an index that measures the price of Bitcoin. The fund uses swaps to provide leveraged exposure to Bitcoin. BITU was launched on Apr 2, 2024 and is issued by ProShares.