Tucker Asset Management LLC Takes $2.10 Million Position in ProShares Short Bitcoin ETF $BITI

Tucker Asset Management LLC bought a new position in ProShares Short Bitcoin ETF (NYSEARCA:BITI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 72,525 shares of the company’s stock, valued at approximately $2,105,000. ProShares Short Bitcoin ETF comprises about 0.5% of Tucker Asset Management LLC’s investment portfolio, making the stock its 27th biggest holding. Tucker Asset Management LLC owned 1.43% of ProShares Short Bitcoin ETF at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BITI. Federation des caisses Desjardins du Quebec boosted its position in ProShares Short Bitcoin ETF by 1,250.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,700 shares of the company’s stock valued at $63,000 after buying an additional 2,500 shares in the last quarter. Simplex Trading LLC bought a new stake in ProShares Short Bitcoin ETF during the fourth quarter worth about $163,000. Jump Financial LLC acquired a new stake in shares of ProShares Short Bitcoin ETF during the fourth quarter worth approximately $200,000. Tower Research Capital LLC TRC increased its holdings in shares of ProShares Short Bitcoin ETF by 136.3% during the second quarter. Tower Research Capital LLC TRC now owns 15,081 shares of the company’s stock worth $297,000 after buying an additional 8,700 shares in the last quarter. Finally, Sykon Capital LLC bought a new position in shares of ProShares Short Bitcoin ETF in the fourth quarter valued at approximately $209,000. Institutional investors and hedge funds own 30.27% of the company’s stock.

ProShares Short Bitcoin ETF Stock Performance

NYSEARCA:BITI opened at $18.56 on Monday. The firm has a 50 day moving average of $23.62 and a 200-day moving average of $24.66. The stock 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 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.