Turner Financial Group Inc. Makes New Investment in ProShares Ultra Bitcoin ETF $BITU

Turner Financial Group Inc. purchased a new stake in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 77,934 shares of the company’s stock, valued at approximately $633,000. Turner Financial Group Inc. owned about 0.21% of ProShares Ultra Bitcoin ETF as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Group One Trading LLC purchased a new position in shares of ProShares Ultra Bitcoin ETF in the 4th quarter worth $39,000. Advisory Services Network LLC purchased a new stake in ProShares Ultra Bitcoin ETF during the third quarter valued at about $111,000. Winnow Wealth LLC increased its stake in ProShares Ultra Bitcoin ETF by 99.1% during the fourth quarter. Winnow Wealth LLC now owns 2,282 shares of the company’s stock worth $52,000 after acquiring an additional 1,136 shares during the last quarter. EFG International AG acquired a new stake in ProShares Ultra Bitcoin ETF during the fourth quarter worth about $53,000. Finally, USCF Advisers LLC purchased a new position in shares of ProShares Ultra Bitcoin ETF in the 4th quarter worth about $130,000.

ProShares Ultra Bitcoin ETF Trading Down 4.8%

Shares of NYSEARCA:BITU opened at $14.14 on Friday. ProShares Ultra Bitcoin ETF has a 1 year low of $7.92 and a 1 year high of $64.40. The stock has a 50-day simple moving average of $10.41 and a 200-day simple moving average of $11.85.

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.