Advisory Services Network LLC Reduces Holdings in ProShares Short Bitcoin ETF (NYSEARCA:BITI)

Advisory Services Network LLC reduced its holdings in shares of ProShares Short Bitcoin ETF (NYSEARCA:BITI) by 56.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,296 shares of the company’s stock after selling 289,449 shares during the quarter. Advisory Services Network LLC’s holdings in ProShares Short Bitcoin ETF were worth $5,407,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Tidal Investments LLC purchased a new position in ProShares Short Bitcoin ETF during the 3rd quarter valued at about $1,825,000.

ProShares Short Bitcoin ETF Stock Performance

NYSEARCA:BITI opened at $25.83 on Thursday. The firm has a 50-day moving average price of $24.98 and a two-hundred day moving average price of $26.64. ProShares Short Bitcoin ETF has a twelve month low of $20.73 and a twelve month high of $47.95.

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.