ProShares Short Bitcoin ETF (NYSEARCA:BITI) Shares Down 4.3% – Here’s Why

ProShares Short Bitcoin ETF ( NYSEARCA:BITI – Get Free Report )’s share price were down 4.3% on Thursday . The company traded as low as $22.

82 and last traded at $22.97. Approximately 2,012,507 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 1,722,606 shares.



The stock had previously closed at $24.00. ProShares Short Bitcoin ETF Stock Down 4.

3 % The firm’s 50-day moving average is $25.56 and its two-hundred day moving average is $34.61.

Institutional Trading of ProShares Short Bitcoin ETF Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC bought a new stake in shares of ProShares Short Bitcoin ETF during the 3rd quarter valued at $1,825,000. Headlands Technologies LLC grew its stake in shares of ProShares Short Bitcoin ETF by 2,694.

5% during the second quarter. Headlands Technologies LLC now owns 36,748 shares of the company’s stock worth $311,000 after purchasing an additional 35,433 shares during the period. Finally, Brown Brothers Harriman & Co.

grew its stake in shares of ProShares Short Bitcoin ETF by 95.3% during the third quarter. Brown Brothers Harriman & Co.

now owns 24,653 shares of the company’s stock worth $184,000 after purchasing an additional 12,027 shares during the period. 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. Further Reading Receive News & Ratings for ProShares Short Bitcoin ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short Bitcoin ETF and related companies with MarketBeat.

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