Strive Financial Group LLC acquired a new stake in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Free Report) in the second quarter, HoldingsChannel reports. The firm acquired 45,018 shares of the company’s stock, valued at approximately $366,000.
Several other institutional investors and hedge funds have also modified their holdings of BITU. NewEdge Advisors LLC boosted its position in ProShares Ultra Bitcoin ETF by 16.0% during the first quarter. NewEdge Advisors LLC now owns 38,817 shares of the company’s stock worth $1,292,000 after acquiring an additional 5,355 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new position in ProShares Ultra Bitcoin ETF in the 2nd quarter valued at $390,000. Advisory Services Network LLC acquired a new position in ProShares Ultra Bitcoin ETF in the 3rd quarter valued at $111,000. EverSource Wealth Advisors LLC lifted its stake in shares of ProShares Ultra Bitcoin ETF by 98.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 49,687 shares of the company’s stock worth $1,098,000 after purchasing an additional 24,680 shares during the period. Finally, Winnow Wealth LLC lifted its stake in shares of ProShares Ultra Bitcoin ETF by 99.1% during the 4th quarter. Winnow Wealth LLC now owns 2,282 shares of the company’s stock worth $52,000 after purchasing an additional 1,136 shares during the period.
ProShares Ultra Bitcoin ETF Stock Performance
BITU stock opened at $14.14 on Friday. ProShares Ultra Bitcoin ETF has a 52-week low of $7.92 and a 52-week high of $64.40. The stock’s fifty day simple moving average is $10.41 and its 200-day simple moving average is $11.85.
ProShares Ultra Bitcoin ETF 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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