Whitaker Myers Wealth Managers LTD. Takes Position in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU)

Whitaker Myers Wealth Managers LTD. bought a new stake in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,369 shares of the company’s stock, valued at approximately $216,000. Whitaker Myers Wealth Managers LTD. owned 0.09% of ProShares Ultra Bitcoin ETF at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Financial Management Professionals Inc. increased its holdings in shares of ProShares Ultra Bitcoin ETF by 58.4% in the 4th quarter. Financial Management Professionals Inc. now owns 76,830 shares of the company’s stock valued at $3,797,000 after purchasing an additional 28,329 shares during the period. Client First Investment Management LLC acquired a new position in shares of ProShares Ultra Bitcoin ETF in the 4th quarter valued at about $754,000. Finally, IMC Chicago LLC bought a new stake in shares of ProShares Ultra Bitcoin ETF in the 3rd quarter valued at approximately $1,951,000.

ProShares Ultra Bitcoin ETF Price Performance

Shares of NYSEARCA BITU opened at $61.13 on Friday. The business has a 50 day simple moving average of $54.19 and a 200 day simple moving average of $36.02. ProShares Ultra Bitcoin ETF has a 52 week low of $16.30 and a 52 week high of $68.43.

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.