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

ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) saw a large growth in short interest during the month of 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. Approximately 4.6% of the company’s shares are sold short. Based on an average trading volume of 1,207,235 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds 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 boosted its holdings in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) by 4,555.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,940 shares of the company’s stock after purchasing an additional 10,705 shares during the quarter. Group One Trading LLC owned approximately 0.26% of ProShares Ultra Short Bitcoin ETF worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

ProShares Ultra Short Bitcoin ETF Trading Up 3.2%

SBIT traded up $0.96 during trading on Wednesday, hitting $31.55. The company’s stock had a trading volume of 941,862 shares, compared to its average volume of 1,366,854. ProShares Ultra Short Bitcoin ETF has a twelve month low of $27.36 and a twelve month high of $76.51. The firm’s 50 day moving average price is $38.39 and its 200-day moving average price is $47.87.

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.