Newbridge Financial Services Group Inc. Makes New $48,000 Investment in ProShares Short Bitcoin ETF (NYSEARCA:BITI)

Newbridge Financial Services Group Inc. purchased a new position in ProShares Short Bitcoin ETF (NYSEARCA:BITI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,000 shares of the company’s stock, valued at approximately $48,000.

Separately, Brown Brothers Harriman & Co. increased its position 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 valued at $184,000 after purchasing an additional 12,027 shares during the period.

ProShares Short Bitcoin ETF Stock Performance

BITI opened at $23.42 on Wednesday. ProShares Short Bitcoin ETF has a 1 year low of $20.73 and a 1 year high of $56.61. The stock’s 50 day simple moving average is $22.61 and its 200-day simple moving average is $31.05.

ProShares Short Bitcoin 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.