EverSource Wealth Advisors LLC Makes New Investment in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU)

EverSource Wealth Advisors LLC bought a new stake in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,801 shares of the company’s stock, valued at approximately $336,000. EverSource Wealth Advisors LLC owned approximately 0.14% of ProShares Ultra Bitcoin ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Client First Investment Management LLC bought a new stake in ProShares Ultra Bitcoin ETF in the fourth quarter valued at about $754,000. 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 acquiring an additional 28,329 shares during the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new stake in shares of ProShares Ultra Bitcoin ETF during the 4th quarter valued at approximately $216,000. Toth Financial Advisory Corp lifted its stake in ProShares Ultra Bitcoin ETF by 294.0% during the fourth 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 last quarter. Finally, Bleakley Financial Group LLC acquired a new position in ProShares Ultra Bitcoin ETF in the fourth quarter worth $1,167,000.

ProShares Ultra Bitcoin ETF Stock Performance

ProShares Ultra Bitcoin ETF stock opened at $35.66 on Friday. ProShares Ultra Bitcoin ETF has a 1 year low of $16.30 and a 1 year high of $68.43. The firm’s 50-day moving average is $48.89 and its 200-day moving average is $42.04.

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.