ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Get Free Report)’s share price traded up 6% during mid-day trading on Monday . The company traded as high as $14.13 and last traded at $14.13. Approximately 3,713,114 shares changed hands during trading, a decline of 26% from the average daily volume of 5,027,462 shares. The stock had previously closed at $13.33.
ProShares Ultra Bitcoin ETF Stock Performance
The company has a 50-day simple moving average of $9.50 and a 200-day simple moving average of $11.78.
Institutional Trading of ProShares Ultra Bitcoin ETF
Several large investors have recently bought and sold shares of the stock. Turner Financial Group Inc. purchased a new position in shares of ProShares Ultra Bitcoin ETF in the second quarter worth about $633,000. Strive Financial Group LLC acquired a new stake in shares of ProShares Ultra Bitcoin ETF during the 2nd quarter valued at about $366,000. SkyOak Wealth LLC acquired a new position in shares of ProShares Ultra Bitcoin ETF during the 2nd quarter worth approximately $95,000. EverSource Wealth Advisors LLC grew its position 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 valued at $665,000 after purchasing an additional 7,452 shares during the period. Finally, IMC Chicago LLC acquired a new position in shares of ProShares Ultra Bitcoin ETF during the first quarter valued at approximately $311,000.
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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