ProFunds Short Bitcoin ProFound Investor (BITIX)
| Fund Assets | 455.40K |
| Expense Ratio | 1.18% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.76 |
| Dividend Yield | 3.42% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 22.25 |
| YTD Return | -21.01% |
| 1-Year Return | -53.80% |
| 5-Year Return | n/a |
| 52-Week Low | 4.30 |
| 52-Week High | 55.10 |
| Beta (5Y) | -4.14 |
| Holdings | 4 |
| Inception Date | Jun 21, 2022 |
About BITIX
ProFunds Short Bitcoin Strategy Investor Class is a mutual fund designed to provide investors with inverse exposure to the daily performance of Bitcoin. Its primary function is to seek results that are the inverse (-1x) of the daily change of the Bloomberg Bitcoin Index, using futures and other financial instruments to achieve its objective. Unlike conventional funds that offer direct or long exposure to Bitcoin, this fund is structured to move in the opposite direction of Bitcoin’s daily price movements, making it a specialized tool for those looking to hedge or manage risk related to Bitcoin price declines. The fund does not invest directly in Bitcoin, but instead utilizes derivatives to reflect the digital asset’s volatility. ProFunds Short Bitcoin Strategy Investor Class serves a distinct role in the market by offering a vehicle for tactical trading or risk management connected to cryptocurrency price trends, and stands out as the first U.S. mutual fund targeting the inverse of Bitcoin’s daily performance.
Performance
BITIX had a total return of -53.80% in the past year, including dividends. Since the fund's inception, the average annual return has been -55.44%.
Top 10 Holdings
9.42% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Bills - United States Treasury Bill | B.0 05.15.25 | 57.67% |
| UMB FINANCIAL CORP. | n/a | 8.80% |
| CHICAGO MERCANTILE EXCHANGE - CME Micro Bitcoin Future | BMRK5.CURNCY | 0.63% |
| UMB FINANCIAL CORP. | n/a | -57.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.76067 | Jan 2, 2025 |
| Dec 28, 2023 | $0.05416 | Dec 29, 2023 |