Toth Financial Advisory Corp Has $39,000 Position in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU)

Toth Financial Advisory Corp grew its position in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) by 294.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 788 shares of the company’s stock after purchasing an additional 588 shares during the period. Toth Financial Advisory Corp’s holdings in ProShares Ultra Bitcoin ETF were worth $39,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IMC Chicago LLC acquired a new stake in ProShares Ultra Bitcoin ETF during the 3rd quarter worth $1,951,000. Financial Management Professionals Inc. raised its position in shares of ProShares Ultra Bitcoin ETF by 58.4% during the fourth quarter. Financial Management Professionals Inc. now owns 76,830 shares of the company’s stock worth $3,797,000 after purchasing an additional 28,329 shares during the period. Whitaker Myers Wealth Managers LTD. bought a new position in shares of ProShares Ultra Bitcoin ETF during the 4th quarter valued at about $216,000. Finally, Client First Investment Management LLC acquired a new position in shares of ProShares Ultra Bitcoin ETF in the 4th quarter valued at approximately $754,000.

ProShares Ultra Bitcoin ETF Stock Performance

Shares of BITU stock opened at $60.94 on Friday. ProShares Ultra Bitcoin ETF has a 52 week low of $16.30 and a 52 week high of $68.43. The company’s 50 day moving average price is $55.47 and its two-hundred day moving average price is $37.19.

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.