Financial Management Professionals Inc. lifted its position in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Free Report) by 58.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,830 shares of the company’s stock after purchasing an additional 28,329 shares during the quarter. Financial Management Professionals Inc. owned about 1.60% of ProShares Ultra Bitcoin ETF worth $3,797,000 as of its most recent SEC filing.
Separately, IMC Chicago LLC acquired a new stake in ProShares Ultra Bitcoin ETF during the third quarter worth about $1,951,000.
ProShares Ultra Bitcoin ETF Stock Up 9.0 %
ProShares Ultra Bitcoin ETF stock opened at $61.13 on Friday. ProShares Ultra Bitcoin ETF has a 52 week low of $16.30 and a 52 week high of $68.43. The business’s 50-day moving average price is $54.19 and its 200 day moving average price is $36.02.
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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