Brookstone Capital Management Acquires Shares of 29,055 ProShares Short Bitcoin ETF $BITI

Brookstone Capital Management acquired a new stake in ProShares Short Bitcoin ETF (NYSEARCA:BITI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,055 shares of the company’s stock, valued at approximately $673,000. Brookstone Capital Management owned 0.64% of ProShares Short Bitcoin ETF at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BITI. Group One Trading LLC bought a new stake in shares of ProShares Short Bitcoin ETF during the 2nd quarter worth about $207,000. XTX Topco Ltd bought a new position in ProShares Short Bitcoin ETF in the 2nd quarter valued at about $230,000. Tower Research Capital LLC TRC lifted its position in ProShares Short Bitcoin ETF by 136.3% during the second quarter. Tower Research Capital LLC TRC now owns 15,081 shares of the company’s stock worth $297,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of ProShares Short Bitcoin ETF during the second quarter worth approximately $779,000. Institutional investors and hedge funds own 30.27% of the company’s stock.

ProShares Short Bitcoin ETF Price Performance

Shares of NYSEARCA:BITI opened at $26.41 on Monday. ProShares Short Bitcoin ETF has a 12-month low of $16.58 and a 12-month high of $30.93. The business has a 50 day moving average of $26.53 and a 200-day moving average of $22.89. The stock has a market cap of $169.29 million, a PE ratio of -6.55 and a beta of -1.44.

ProShares Short Bitcoin ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a dividend of $0.953 per share. This represents a c) annualized dividend and a yield of 43.3%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from ProShares Short Bitcoin ETF’s previous monthly dividend of $0.31. ProShares Short Bitcoin ETF’s payout ratio is -52.85%.

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.