ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 91,581 shares, a decrease of 51.6% from the September 30th total of 189,349 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,579,333 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of ProShares Ultra Short Bitcoin ETF
A hedge fund recently bought a new position in ProShares Ultra Short Bitcoin ETF stock. Prosperitas Financial LLC acquired a new position in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,900 shares of the company’s stock, valued at approximately $480,000. Prosperitas Financial LLC owned 0.23% of ProShares Ultra Short Bitcoin ETF at the end of the most recent reporting period.
ProShares Ultra Short Bitcoin ETF Price Performance
NYSEARCA:SBIT traded up $3.31 during midday trading on Friday, hitting $35.67. The company’s stock had a trading volume of 1,351,245 shares, compared to its average volume of 1,352,166. ProShares Ultra Short Bitcoin ETF has a fifty-two week low of $27.82 and a fifty-two week high of $76.51. The firm’s 50 day moving average is $32.91 and its 200-day moving average is $48.15.
ProShares Ultra Short Bitcoin ETF Company Profile
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.
See Also
- Five stocks we like better than ProShares Ultra Short Bitcoin ETF
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for ProShares Ultra Short Bitcoin ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Short Bitcoin ETF and related companies with MarketBeat.com's FREE daily email newsletter.
