ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Get Free Report)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $15.20, but opened at $15.79. ProShares Ultra Bitcoin ETF shares last traded at $15.4590, with a volume of 1,922,610 shares trading hands.
ProShares Ultra Bitcoin ETF Stock Up 0.3%
The business has a fifty day moving average of $12.14 and a 200-day moving average of $12.10.
Institutional Investors Weigh In On ProShares Ultra Bitcoin ETF
Several hedge funds have recently made changes to their positions in BITU. Turner Financial Group Inc. purchased a new position in shares of ProShares Ultra Bitcoin ETF during the second quarter valued at $633,000. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 7,452 shares during the period. Strive Financial Group LLC purchased a new stake in ProShares Ultra Bitcoin ETF in the second quarter worth about $366,000. IMC Chicago LLC bought a new position in ProShares Ultra Bitcoin ETF during the 1st quarter worth about $311,000. Finally, Apollon Wealth Management LLC bought a new position in ProShares Ultra Bitcoin ETF during the 1st quarter worth about $195,000.
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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