AFG Fiduciary Services Limited Partnership Grows Stake in ProShares Short Bitcoin Strategy ETF (NYSEARCA:BITI)

AFG Fiduciary Services Limited Partnership grew its holdings in ProShares Short Bitcoin Strategy ETF (NYSEARCA:BITI) by 47.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 252,794 shares of the company’s stock after acquiring an additional 81,643 shares during the quarter. ProShares Short Bitcoin Strategy ETF comprises 0.8% of AFG Fiduciary Services Limited Partnership’s investment portfolio, making the stock its 17th biggest holding. AFG Fiduciary Services Limited Partnership owned about 2.13% of ProShares Short Bitcoin Strategy ETF worth $2,139,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. HAP Trading LLC purchased a new position in shares of ProShares Short Bitcoin Strategy ETF in the 1st quarter valued at about $228,000. Simplex Trading LLC grew its stake in ProShares Short Bitcoin Strategy ETF by 71.7% during the 1st quarter. Simplex Trading LLC now owns 122,656 shares of the company’s stock worth $906,000 after buying an additional 51,208 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in ProShares Short Bitcoin Strategy ETF during the 1st quarter worth approximately $3,856,000.

ProShares Short Bitcoin Strategy ETF Trading Up 1.1 %

NYSEARCA:BITI traded up $0.09 during mid-day trading on Friday, reaching $8.15. 6,033,649 shares of the stock were exchanged, compared to its average volume of 7,326,754. The company has a 50 day simple moving average of $8.08 and a 200-day simple moving average of $8.11. ProShares Short Bitcoin Strategy ETF has a 1 year low of $7.06 and a 1 year high of $22.84.

ProShares Short Bitcoin Strategy ETF 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.