Client First Investment Management LLC Makes New Investment in ProShares Ultra Bitcoin ETF (NYSEARCA:BITU)

Client First Investment Management LLC bought a new position in shares of ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,259 shares of the company’s stock, valued at approximately $754,000. ProShares Ultra Bitcoin ETF accounts for approximately 0.5% of Client First Investment Management LLC’s portfolio, making the stock its 16th biggest holding.

Separately, IMC Chicago LLC bought a new stake in shares of ProShares Ultra Bitcoin ETF in the third quarter valued at about $1,951,000.

ProShares Ultra Bitcoin ETF Trading Up 9.0 %

Shares of ProShares Ultra Bitcoin ETF stock opened at $61.13 on Friday. The firm’s 50-day moving average is $54.19 and its two-hundred day moving average is $36.02. ProShares Ultra Bitcoin ETF has a 1 year low of $16.30 and a 1 year high of $68.43.

ProShares Ultra Bitcoin ETF Company 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.