ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) Short Interest Update

ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 144,200 shares, an increase of 49.1% from the September 15th total of 96,700 shares. Based on an average daily trading volume, of 1,668,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,668,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Flow Traders U.S. LLC bought a new position in ProShares Ultra Short Bitcoin ETF during the 1st quarter worth approximately $753,000. Hudson Capital Management LLC acquired a new position in shares of ProShares Ultra Short Bitcoin ETF during the 3rd quarter valued at $317,000. Finally, Jump Financial LLC increased its position in shares of ProShares Ultra Short Bitcoin ETF by 239.5% during the 1st quarter. Jump Financial LLC now owns 73,805 shares of the company’s stock valued at $967,000 after purchasing an additional 52,067 shares during the period.

ProShares Ultra Short Bitcoin ETF Stock Performance

Shares of NYSEARCA SBIT opened at $30.26 on Friday. ProShares Ultra Short Bitcoin ETF has a fifty-two week low of $23.60 and a fifty-two week high of $143.60. The business has a 50 day moving average price of $29.62 and a two-hundred day moving average price of $35.13.

About ProShares Ultra Short Bitcoin ETF

The ProShares UltraShort Bitcoin ETF (SBIT) is an exchange-traded fund that is based on the Bloomberg Bitcoin index. The fund tracks -2x the daily price movements of an index that measures the price of Bitcoin. The fund uses swaps to provide inverse exposure to Bitcoin. SBIT was launched on Apr 2, 2024 and is issued by ProShares.