ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) Sees Large Decrease in Short Interest

Posted by Latisha Jones on Oct 16th, 2026

ProShares Ultra Bitcoin ETF (NYSEARCA:BITU – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 4,237,672 shares, a decrease of 40.6% from the September 15th total of 7,128,279 shares. Currently, 10.8% of the company’s shares are short sold. Based on an average trading volume of 4,436,395 shares, the days-to-cover ratio is currently 1.0 days.

ProShares Ultra Bitcoin ETF Stock Performance

BITU stock traded down $0.35 on Friday, reaching $14.24. The company’s stock had a trading volume of 2,378,362 shares, compared to its average volume of 4,933,513. The business has a fifty day simple moving average of $13.47 and a two-hundred day simple moving average of $12.30. ProShares Ultra Bitcoin ETF has a 12-month low of $7.92 and a 12-month high of $53.44.

Institutional Investors Weigh In On ProShares Ultra Bitcoin ETF

Large investors have recently modified their holdings of the stock. Toth Financial Advisory Corp bought a new position in ProShares Ultra Bitcoin ETF in the third quarter worth about $51,000. Farther Finance Advisors LLC boosted its position in ProShares Ultra Bitcoin ETF by 358.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,310 shares of the company’s stock valued at $65,000 after acquiring an additional 3,370 shares in the last quarter. SkyOak Wealth LLC purchased a new position in shares of ProShares Ultra Bitcoin ETF during the 2nd quarter worth approximately $95,000. Apollon Wealth Management LLC purchased a new position in shares of ProShares Ultra Bitcoin ETF during the 1st quarter worth approximately $195,000. Finally, IMC Chicago LLC purchased a new position in shares of ProShares Ultra Bitcoin ETF during the 1st quarter worth approximately $311,000.

About ProShares Ultra Bitcoin ETF

(Get Free Report)

The ProShares UltraBitcoin ETF (BITU) 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 leveraged exposure to Bitcoin. BITU was launched on Apr 2, 2024 and is issued by ProShares.