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

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

ProShares Ultra Short Bitcoin ETF Trading Down 1.4%

SBIT traded down $0.44 during trading on Thursday, hitting $31.32. 2,043,789 shares of the stock were exchanged, compared to its average volume of 1,374,736. ProShares Ultra Short Bitcoin ETF has a 1-year low of $27.36 and a 1-year high of $76.51. The stock has a fifty day moving average price of $37.92 and a two-hundred day moving average price of $47.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Short Bitcoin ETF stock. Prosperitas Financial LLC purchased a new position in shares of ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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.

About ProShares Ultra Short Bitcoin ETF

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.