Tucker Asset Management LLC acquired a new position in shares of ProShares Short Bitcoin ETF (NYSEARCA:BITI – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor acquired 72,525 shares of the company’s stock, valued at approximately $2,105,000. ProShares Short Bitcoin ETF comprises 0.5% of Tucker Asset Management LLC’s portfolio, making the stock its 27th largest position.
Several other institutional investors and hedge funds also recently made changes to their positions in BITI. Group One Trading LLC bought a new position in shares of ProShares Short Bitcoin ETF during the second quarter worth approximately $207,000. Tower Research Capital LLC TRC grew its holdings in ProShares Short Bitcoin ETF by 136.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,081 shares of the company’s stock valued at $297,000 after buying an additional 8,700 shares in the last quarter. Advisory Services Network LLC acquired a new position in ProShares Short Bitcoin ETF in the 2nd quarter valued at $779,000. Simplex Trading LLC bought a new position in ProShares Short Bitcoin ETF during the 4th quarter worth $163,000. Finally, Sykon Capital LLC bought a new position in ProShares Short Bitcoin ETF during the 4th quarter worth $209,000. Institutional investors and hedge funds own 30.27% of the company’s stock.
ProShares Short Bitcoin ETF Stock Performance
BITI opened at $18.56 on Monday. The stock has a fifty day moving average of $23.62 and a 200-day moving average of $24.66. The company has a market capitalization of $93.91 million, a P/E ratio of -4.61 and a beta of -1.43. ProShares Short Bitcoin ETF has a fifty-two week low of $16.58 and a fifty-two week high of $30.93.
ProShares Short Bitcoin ETF Profile
The ProShares Trust – ProShares Short Bitcoin Strategy ETF (BITI) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures index. The fund tracks the inverse daily price movements of an index of front-month CME bitcoin futures. It aims to profit from the price decline of bitcoin. BITI was launched on Jun 21, 2022 and is managed by ProShares.
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Want to see what other hedge funds are holding BITI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Short Bitcoin ETF (NYSEARCA:BITI – Free Report).
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