ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) Stock Short Interest Report for September

ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 4,237,672 shares, a decline of 40.6% from the September 15th total of 7,128,279 shares. Based on an average daily trading volume, of 4,436,395 shares, the short-interest ratio is currently 1.0 days. Currently, 10.8% of the shares of the stock are sold short.

ProShares Ultra Bitcoin ETF Price Performance

Shares of ProShares Ultra Bitcoin ETF stock opened at $14.39 on Thursday. The business has a 50 day simple moving average of $13.37 and a two-hundred day simple moving average of $12.27. ProShares Ultra Bitcoin ETF has a 12 month low of $7.92 and a 12 month high of $53.44.

Institutional Trading of ProShares Ultra Bitcoin ETF

Institutional investors have recently made changes to their positions in the company. Turner Financial Group Inc. acquired a new position in ProShares Ultra Bitcoin ETF in the 2nd quarter valued at $633,000. Strive Financial Group LLC purchased a new position in ProShares Ultra Bitcoin ETF in the 2nd quarter valued at $366,000. IMC Chicago LLC purchased a new position in ProShares Ultra Bitcoin ETF in the 1st quarter valued at $311,000. Apollon Wealth Management LLC purchased a new position in ProShares Ultra Bitcoin ETF in the 1st quarter valued at $195,000. Finally, SkyOak Wealth LLC acquired a new stake in ProShares Ultra Bitcoin ETF during the 2nd quarter worth $95,000.

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.