NewEdge Advisors LLC Boosts Holdings in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU)

NewEdge Advisors LLC grew its position in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) by 118.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,462 shares of the company’s stock after acquiring an additional 18,125 shares during the quarter. NewEdge Advisors LLC owned about 0.70% of ProShares Ultra Bitcoin ETF worth $1,654,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BITU. Toth Financial Advisory Corp raised its position in ProShares Ultra Bitcoin ETF by 294.0% in the 4th quarter. Toth Financial Advisory Corp now owns 788 shares of the company’s stock worth $39,000 after purchasing an additional 588 shares during the period. Covestor Ltd purchased a new stake in ProShares Ultra Bitcoin ETF in the 4th quarter valued at about $53,000. Hoey Investments Inc. bought a new position in ProShares Ultra Bitcoin ETF in the fourth quarter worth approximately $74,000. Whitaker Myers Wealth Managers LTD. bought a new position in shares of ProShares Ultra Bitcoin ETF during the 4th quarter worth $216,000. Finally, Clare Market Investments LLC bought a new position in ProShares Ultra Bitcoin ETF during the 4th quarter worth about $242,000.

ProShares Ultra Bitcoin ETF Trading Up 9.4 %

Shares of NYSEARCA:BITU opened at $39.77 on Wednesday. ProShares Ultra Bitcoin ETF has a 12-month low of $16.30 and a 12-month high of $68.43. The business’s fifty day simple moving average is $37.07 and its 200-day simple moving average is $44.07.

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.