Q Fund Management Hong Kong Ltd Sells 260,800 Shares of ProShares Ultra Bitcoin ETF $BITU

Q Fund Management Hong Kong Ltd reduced its position in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) by 87.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 36,400 shares of the company’s stock after selling 260,800 shares during the period. ProShares Ultra Bitcoin ETF accounts for approximately 1.3% of Q Fund Management Hong Kong Ltd’s portfolio, making the stock its 13th largest holding. Q Fund Management Hong Kong Ltd’s holdings in ProShares Ultra Bitcoin ETF were worth $1,943,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. CWM LLC raised its position in shares of ProShares Ultra Bitcoin ETF by 1,300.0% in the third quarter. CWM LLC now owns 756 shares of the company’s stock valued at $40,000 after purchasing an additional 702 shares during the period. Winnow Wealth LLC purchased a new position in ProShares Ultra Bitcoin ETF in the 3rd quarter valued at approximately $62,000. Mutual Advisors LLC raised its holdings in ProShares Ultra Bitcoin ETF by 9.0% during the 2nd quarter. Mutual Advisors LLC now owns 17,592 shares of the company’s stock valued at $910,000 after acquiring an additional 1,459 shares during the period. Spire Wealth Management lifted its position in shares of ProShares Ultra Bitcoin ETF by 333.5% during the second quarter. Spire Wealth Management now owns 4,335 shares of the company’s stock worth $224,000 after acquiring an additional 3,335 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in shares of ProShares Ultra Bitcoin ETF by 13.0% during the second quarter. Bleakley Financial Group LLC now owns 30,245 shares of the company’s stock worth $1,565,000 after acquiring an additional 3,478 shares in the last quarter.

ProShares Ultra Bitcoin ETF Trading Down 0.7%

NYSEARCA:BITU opened at $19.67 on Friday. The business’s fifty day moving average is $26.00 and its 200 day moving average is $42.98. ProShares Ultra Bitcoin ETF has a 52-week low of $18.74 and a 52-week high of $65.77.

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.