ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $31.53, but opened at $29.92. ProShares Ultra Bitcoin ETF shares last traded at $29.6870, with a volume of 1,174,737 shares traded.
ProShares Ultra Bitcoin ETF Trading Down 3.5%
The firm’s 50 day moving average is $40.83 and its two-hundred day moving average is $49.80.
Institutional Trading of ProShares Ultra Bitcoin ETF
Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in ProShares Ultra Bitcoin ETF by 184.0% during the first quarter. EverSource Wealth Advisors LLC now owns 19,315 shares of the company’s stock worth $643,000 after purchasing an additional 12,514 shares in the last quarter. United Capital Management of KS Inc. raised its stake in ProShares Ultra Bitcoin ETF by 19.3% during the 1st quarter. United Capital Management of KS Inc. now owns 8,617 shares of the company’s stock worth $287,000 after acquiring an additional 1,396 shares in the last quarter. Jump Financial LLC purchased a new stake in ProShares Ultra Bitcoin ETF in the first quarter valued at $378,000. Wealth Preservation Advisors LLC acquired a new position in ProShares Ultra Bitcoin ETF in the first quarter valued at $120,000. Finally, NewEdge Advisors LLC grew its holdings in shares of 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 purchasing an additional 5,355 shares during the last quarter.
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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