Clare Market Investments LLC acquired a new position in shares of ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Free Report) during the 4th quarter, Holdings Channel reports. The firm acquired 4,900 shares of the company’s stock, valued at approximately $242,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Financial Management Professionals Inc. grew its position in shares of ProShares Ultra Bitcoin ETF by 58.4% in the 4th quarter. Financial Management Professionals Inc. now owns 76,830 shares of the company’s stock worth $3,797,000 after acquiring an additional 28,329 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of ProShares Ultra Bitcoin ETF in the 4th quarter worth approximately $1,167,000. Client First Investment Management LLC acquired a new position in shares of ProShares Ultra Bitcoin ETF in the 4th quarter worth approximately $754,000. Whitaker Myers Wealth Managers LTD. acquired a new position in shares of ProShares Ultra Bitcoin ETF in the 4th quarter worth approximately $216,000. Finally, Toth Financial Advisory Corp grew its position in shares of ProShares Ultra Bitcoin ETF by 294.0% in the 4th quarter. Toth Financial Advisory Corp now owns 788 shares of the company’s stock worth $39,000 after acquiring an additional 588 shares in the last quarter.
ProShares Ultra Bitcoin ETF Trading Down 18.5 %
Shares of BITU opened at $31.33 on Tuesday. The stock has a 50 day moving average of $50.30 and a 200-day moving average of $41.94. ProShares Ultra Bitcoin ETF has a 52 week low of $16.30 and a 52 week high of $68.43.
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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