United Capital Management of KS Inc. Makes New $357,000 Investment in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU)

United Capital Management of KS Inc. purchased a new position in ProShares Ultra Bitcoin ETF (NYSEARCA:BITUFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,221 shares of the company’s stock, valued at approximately $357,000. United Capital Management of KS Inc. owned 0.15% of ProShares Ultra Bitcoin ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BITU. Client First Investment Management LLC purchased a new position in ProShares Ultra Bitcoin ETF in the 4th quarter worth approximately $754,000. Financial Management Professionals Inc. raised its position 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 in the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new position in shares of ProShares Ultra Bitcoin ETF in the 4th quarter valued at approximately $216,000. Toth Financial Advisory Corp raised its position in shares of ProShares Ultra Bitcoin ETF by 294.0% in the 4th quarter. Toth Financial Advisory Corp now owns 788 shares of the company’s stock valued at $39,000 after purchasing an additional 588 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in shares of ProShares Ultra Bitcoin ETF in the 4th quarter valued at approximately $1,167,000.

ProShares Ultra Bitcoin ETF Stock Up 11.3 %

Shares of BITU opened at $35.66 on Friday. The business’s 50 day moving average is $48.89 and its two-hundred day moving average is $41.93. ProShares Ultra Bitcoin ETF has a 52-week low of $16.30 and a 52-week high of $68.43.

About ProShares Ultra Bitcoin ETF

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ProShares Ultra Bitcoin ETF (NYSEARCA:BITU)

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