United Capital Management of KS Inc. purchased a new stake in shares of ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,221 shares of the company’s stock, valued at approximately $357,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Toth Financial Advisory Corp raised its position in shares of ProShares Ultra Bitcoin ETF by 294.0% during the 4th quarter. Toth Financial Advisory Corp now owns 788 shares of the company’s stock valued at $39,000 after acquiring an additional 588 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new stake in shares of ProShares Ultra Bitcoin ETF during the 4th quarter valued at approximately $216,000. Clare Market Investments LLC acquired a new stake in shares of ProShares Ultra Bitcoin ETF during the 4th quarter valued at approximately $242,000. EverSource Wealth Advisors LLC acquired a new stake in shares of ProShares Ultra Bitcoin ETF during the 4th quarter valued at approximately $336,000. Finally, Client First Investment Management LLC acquired a new stake in shares of ProShares Ultra Bitcoin ETF during the 4th quarter valued at approximately $754,000.
ProShares Ultra Bitcoin ETF Price Performance
BITU stock opened at $35.66 on Friday. ProShares Ultra Bitcoin ETF has a 12-month low of $16.30 and a 12-month high of $68.43. The stock’s 50 day simple moving average is $48.89 and its 200 day simple moving average is $41.93.
ProShares Ultra Bitcoin ETF Company Profile
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.
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Want to see what other hedge funds are holding BITU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Free Report).
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