ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) Stock Price Down 4.4% – Should You Sell?

Posted by ABMN Staff on Jun 10th, 2026

ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Get Free Report) fell 4.4% during mid-day trading on Tuesday . The stock traded as low as $8.80 and last traded at $9.20. 6,069,150 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 5,229,537 shares. The stock had previously closed at $9.62.

ProShares Ultra Bitcoin ETF Price Performance

The firm’s fifty day simple moving average is $13.59 and its 200-day simple moving average is $17.90.

Institutional Trading of ProShares Ultra Bitcoin ETF

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC lifted its holdings in shares of ProShares Ultra Bitcoin ETF by 52.7% in the third quarter. NewEdge Advisors LLC now owns 66,510 shares of the company’s stock valued at $3,551,000 after purchasing an additional 22,964 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of ProShares Ultra Bitcoin ETF by 1,627.7% in the fourth quarter. Renaissance Technologies LLC now owns 143,400 shares of the company’s stock valued at $3,168,000 after purchasing an additional 135,100 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of ProShares Ultra Bitcoin ETF by 9.6% in the third quarter. Orion Porfolio Solutions LLC now owns 8,257 shares of the company’s stock valued at $441,000 after purchasing an additional 723 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in shares of ProShares Ultra Bitcoin ETF in the fourth quarter valued at about $243,000. Finally, Advisory Services Network LLC purchased a new stake in shares of ProShares Ultra Bitcoin ETF in the third quarter valued at about $111,000.

ProShares Ultra Bitcoin ETF Company Profile

(Get 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.