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

ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBITGet Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 176,884 shares, a drop of 50.6% from the November 30th total of 358,383 shares. Currently, 7.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,047,035 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 3,047,035 shares, the short-interest ratio is currently 0.1 days. Currently, 7.0% of the shares of the stock are sold short.

ProShares Ultra Short Bitcoin ETF Stock Down 0.5%

Shares of SBIT traded down $0.20 on Friday, hitting $43.86. The company’s stock had a trading volume of 1,089,624 shares, compared to its average volume of 1,783,182. ProShares Ultra Short Bitcoin ETF has a fifty-two week low of $23.60 and a fifty-two week high of $76.55. The company has a 50 day moving average price of $39.02 and a 200 day moving average price of $33.50.

Institutional Trading of ProShares Ultra Short Bitcoin ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Global Trust Asset Management LLC grew its position in shares of ProShares Ultra Short Bitcoin ETF by 400.0% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,500 shares of the company’s stock worth $44,000 after buying an additional 1,200 shares during the period. Hudson Capital Management LLC bought a new position in ProShares Ultra Short Bitcoin ETF in the third quarter valued at approximately $317,000. Finally, Jump Financial LLC boosted its stake in ProShares Ultra Short Bitcoin ETF by 239.5% in the first quarter. Jump Financial LLC now owns 73,805 shares of the company’s stock valued at $967,000 after acquiring an additional 52,067 shares during the last quarter.

About ProShares Ultra Short Bitcoin ETF

(Get Free Report)

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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