IMC Chicago LLC Makes New Investment in ProShares Short Bitcoin ETF $BITI

IMC Chicago LLC bought a new stake in ProShares Short Bitcoin ETF (NYSEARCA:BITI) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 60,416 shares of the company’s stock, valued at approximately $1,611,000. IMC Chicago LLC owned approximately 0.75% of ProShares Short Bitcoin ETF as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BITI. Federation des caisses Desjardins du Quebec lifted its position in shares of ProShares Short Bitcoin ETF by 1,250.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,700 shares of the company’s stock worth $63,000 after buying an additional 2,500 shares during the last quarter. Simplex Trading LLC bought a new position in ProShares Short Bitcoin ETF in the fourth quarter valued at about $163,000. Jump Financial LLC bought a new position in ProShares Short Bitcoin ETF in the fourth quarter valued at about $200,000. Group One Trading LLC acquired a new position in ProShares Short Bitcoin ETF during the second quarter worth about $207,000. Finally, Sykon Capital LLC acquired a new position in ProShares Short Bitcoin ETF during the fourth quarter worth about $209,000. Institutional investors and hedge funds own 30.27% of the company’s stock.

ProShares Short Bitcoin ETF Trading Down 0.6%

BITI stock opened at $24.82 on Thursday. The firm has a 50-day moving average price of $25.26 and a 200-day moving average price of $24.98. ProShares Short Bitcoin ETF has a 12 month low of $16.58 and a 12 month high of $30.93. The stock has a market capitalization of $119.14 million, a P/E ratio of -6.16 and a beta of -1.42.

About ProShares Short Bitcoin ETF

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.