Hoey Investments Inc. Invests $74,000 in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU)

Hoey Investments Inc. bought a new position in shares of ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,500 shares of the company’s stock, valued at approximately $74,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp lifted its position in ProShares Ultra Bitcoin ETF by 294.0% during the fourth quarter. Toth Financial Advisory Corp now owns 788 shares of the company’s stock valued at $39,000 after buying an additional 588 shares in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new position in shares of ProShares Ultra Bitcoin ETF during the 4th quarter valued at $216,000. Clare Market Investments LLC acquired a new position in shares of ProShares Ultra Bitcoin ETF during the 4th quarter valued at $242,000. EverSource Wealth Advisors LLC purchased a new stake in ProShares Ultra Bitcoin ETF during the 4th quarter worth $336,000. Finally, United Capital Management of KS Inc. acquired a new stake in ProShares Ultra Bitcoin ETF in the 4th quarter valued at $357,000.

ProShares Ultra Bitcoin ETF Price Performance

NYSEARCA:BITU opened at $34.37 on Monday. ProShares Ultra Bitcoin ETF has a 12 month low of $16.30 and a 12 month high of $68.43. The business’s 50-day moving average is $45.43 and its two-hundred day moving average is $43.19.

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.