71,448 Shares in ProShares Short Bitcoin Strategy ETF (NYSEARCA:BITI) Bought by Simplex Trading LLC

Simplex Trading LLC acquired a new stake in ProShares Short Bitcoin Strategy ETF (NYSEARCA:BITI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 71,448 shares of the company’s stock, valued at approximately $939,000.

Separately, Tower Research Capital LLC TRC boosted its holdings in shares of ProShares Short Bitcoin Strategy ETF by 532.8% in the third quarter. Tower Research Capital LLC TRC now owns 18,856 shares of the company’s stock valued at $398,000 after acquiring an additional 15,876 shares in the last quarter.

ProShares Short Bitcoin Strategy ETF Price Performance

NYSEARCA BITI opened at $9.05 on Thursday. ProShares Short Bitcoin Strategy ETF has a 52-week low of $7.17 and a 52-week high of $23.23. The firm has a 50-day moving average price of $8.10 and a 200 day moving average price of $11.85.

ProShares Short Bitcoin Strategy 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.