ProShares Short Bitcoin ETF (NYSEARCA:BITI) Stock Price Up 0.9% – Still a Buy?

Posted by Patrick Bannon on Aug 7th, 2026

Shares of ProShares Short Bitcoin ETF (NYSEARCA:BITI – Get Free Report) were up 0.9% during mid-day trading on Thursday . The company traded as high as $23.86 and last traded at $23.78. Approximately 1,431,360 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 1,982,201 shares. The stock had previously closed at $23.57.

ProShares Short Bitcoin ETF Trading Up 0.9%

The business’s fifty day moving average price is $25.98 and its 200 day moving average price is $25.26. The company has a market capitalization of $120.33 million, a P/E ratio of -5.90 and a beta of -1.41.

Institutional Investors Weigh In On ProShares Short Bitcoin ETF

Institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC bought a new stake in shares of ProShares Short Bitcoin ETF in the 2nd quarter valued at approximately $207,000. Tower Research Capital LLC TRC boosted its stake in ProShares Short Bitcoin ETF by 136.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,081 shares of the company’s stock valued at $297,000 after buying an additional 8,700 shares in the last quarter. Advisory Services Network LLC acquired a new stake in ProShares Short Bitcoin ETF in the 2nd quarter valued at $779,000. Simplex Trading LLC bought a new stake in ProShares Short Bitcoin ETF in the fourth quarter valued at $163,000. Finally, Sykon Capital LLC acquired a new position in ProShares Short Bitcoin ETF during the fourth quarter worth $209,000. 30.27% of the stock is owned by institutional investors and hedge funds.

ProShares Short Bitcoin ETF Company Profile

(Get Free Report)

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.