ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Get Free Report)’s stock price traded up 3.8% during mid-day trading on Wednesday . The company traded as high as $8.57 and last traded at $8.43. Approximately 5,287,916 shares traded hands during trading, an increase of 2% from the average daily volume of 5,202,446 shares. The stock had previously closed at $8.12.
ProShares Ultra Bitcoin ETF Price Performance
The company has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $15.38.
Hedge Funds Weigh In On ProShares Ultra Bitcoin ETF
Several large investors have recently modified their holdings of BITU. DRW Securities LLC boosted its stake in ProShares Ultra Bitcoin ETF by 1,133.6% in the 4th quarter. DRW Securities LLC now owns 261,525 shares of the company’s stock worth $5,777,000 after purchasing an additional 240,324 shares in the last quarter. Renaissance Technologies LLC raised its holdings in ProShares Ultra Bitcoin ETF by 1,627.7% in the fourth quarter. Renaissance Technologies LLC now owns 143,400 shares of the company’s stock worth $3,168,000 after buying an additional 135,100 shares during the last quarter. NewEdge Advisors LLC raised its holdings in ProShares Ultra Bitcoin ETF by 52.7% in the third quarter. NewEdge Advisors LLC now owns 66,510 shares of the company’s stock worth $3,551,000 after buying an additional 22,964 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in shares of ProShares Ultra Bitcoin ETF by 1.9% in the fourth quarter. Financial Management Professionals Inc. now owns 64,619 shares of the company’s stock worth $1,427,000 after buying an additional 1,176 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of ProShares Ultra Bitcoin ETF by 15.0% in the first quarter. EverSource Wealth Advisors LLC now owns 57,139 shares of the company’s stock worth $665,000 after buying an additional 7,452 shares in the last quarter.
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.
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