IMC Chicago LLC purchased a new stake in ProShares Short Bitcoin ETF (NYSEARCA:BITI – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 60,416 shares of the company’s stock, valued at approximately $1,611,000.
A number of other large investors also recently modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in shares of ProShares Short Bitcoin ETF during the 4th quarter valued at $2,505,000. Advisory Services Network LLC acquired a new position in ProShares Short Bitcoin ETF in the 2nd quarter worth about $779,000. SIH Partners LLLP bought a new position in ProShares Short Bitcoin ETF in the fourth quarter valued at about $895,000. Renaissance Technologies LLC raised its position in ProShares Short Bitcoin ETF by 87.8% in the fourth quarter. Renaissance Technologies LLC now owns 36,800 shares of the company’s stock valued at $853,000 after purchasing an additional 17,200 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in shares of ProShares Short Bitcoin ETF during the fourth quarter valued at about $767,000. 30.27% of the stock is currently owned by institutional investors.
ProShares Short Bitcoin ETF Trading Down 0.6%
NYSEARCA:BITI opened at $24.82 on Thursday. The stock has a market cap of $119.14 million, a P/E ratio of -6.16 and a beta of -1.42. The stock’s 50-day moving average is $25.26 and its 200-day moving average is $24.98. ProShares Short Bitcoin ETF has a 1-year low of $16.58 and a 1-year high of $30.93.
ProShares Short Bitcoin ETF Company 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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