Group One Trading LLC lifted its position in shares of ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Free Report) by 4,555.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,940 shares of the company’s stock after purchasing an additional 10,705 shares during the quarter. Group One Trading LLC owned 0.26% of ProShares Ultra Short Bitcoin ETF worth $623,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Canton Hathaway LLC bought a new stake in ProShares Ultra Short Bitcoin ETF during the 4th quarter valued at $86,000. IMC Chicago LLC acquired a new position in ProShares Ultra Short Bitcoin ETF during the fourth quarter worth $1,182,000. Client First Investment Management LLC acquired a new position in ProShares Ultra Short Bitcoin ETF during the fourth quarter worth $4,278,000. Simplex Trading LLC bought a new position in shares of ProShares Ultra Short Bitcoin ETF in the fourth quarter valued at $2,368,000. Finally, StoneX Group Inc. bought a new position in shares of ProShares Ultra Short Bitcoin ETF in the fourth quarter valued at $226,000.
ProShares Ultra Short Bitcoin ETF Trading Up 1.5%
Shares of NYSEARCA SBIT opened at $53.97 on Thursday. The company has a 50-day moving average price of $56.21 and a 200-day moving average price of $52.25. ProShares Ultra Short Bitcoin ETF has a 1 year low of $23.60 and a 1 year high of $76.51.
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.
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