Simplex Trading LLC raised its stake in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Free Report) by 192.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,275 shares of the company’s stock after acquiring an additional 8,084 shares during the period. Simplex Trading LLC’s holdings in ProShares Ultra Bitcoin ETF were worth $606,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in BITU. Toth Financial Advisory Corp grew its holdings in shares of ProShares Ultra Bitcoin ETF by 294.0% during the fourth quarter. Toth Financial Advisory Corp now owns 788 shares of the company’s stock worth $39,000 after buying an additional 588 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new position in ProShares Ultra Bitcoin ETF during the 4th quarter worth approximately $216,000. Clare Market Investments LLC bought a new position in shares of ProShares Ultra Bitcoin ETF during the 4th quarter worth approximately $242,000. EverSource Wealth Advisors LLC bought a new position in shares of ProShares Ultra Bitcoin ETF during the 4th quarter worth approximately $336,000. Finally, United Capital Management of KS Inc. acquired a new stake in shares of ProShares Ultra Bitcoin ETF in the fourth quarter valued at approximately $357,000.
ProShares Ultra Bitcoin ETF Stock Performance
Shares of BITU opened at $33.28 on Tuesday. ProShares Ultra Bitcoin ETF has a 12 month low of $16.30 and a 12 month high of $68.43. The firm has a fifty day simple moving average of $44.87 and a 200 day simple moving average of $43.26.
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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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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