ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) Stock Short Interest Report for September

ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 189,349 shares, a growth of 101.0% from the September 15th total of 94,213 shares. Based on an average trading volume of 1,207,235 shares, the days-to-cover ratio is currently 0.2 days. Currently, 4.6% of the shares of the stock are short sold.

ProShares Ultra Short Bitcoin ETF Stock Up 3.2%

Shares of SBIT traded up $0.96 during trading hours on Wednesday, reaching $31.55. 941,862 shares of the company traded hands, compared to its average volume of 1,366,854. The stock has a fifty day simple moving average of $38.39 and a 200 day simple moving average of $47.87. ProShares Ultra Short Bitcoin ETF has a fifty-two week low of $27.36 and a fifty-two week high of $76.51.

Institutional Investors Weigh In On ProShares Ultra Short Bitcoin ETF

An institutional investor recently raised its stake in ProShares Ultra Short Bitcoin ETF stock. Group One Trading LLC increased its position in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) by 4,555.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,940 shares of the company’s stock after buying an additional 10,705 shares during the period. Group One Trading LLC owned about 0.26% of ProShares Ultra Short Bitcoin ETF worth $623,000 as of its most recent SEC filing.

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.