ProShares Ultra Short Bitcoin ETF $SBIT Shares Sold by IMC Chicago LLC

IMC Chicago LLC reduced its stake in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) by 85.3% during the 1st quarter, Holdings Channel reports. The fund owned 3,952 shares of the company’s stock after selling 22,954 shares during the period. IMC Chicago LLC’s holdings in ProShares Ultra Short Bitcoin ETF were worth $225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new position in ProShares Ultra Short Bitcoin ETF in the 4th quarter valued at about $86,000. Client First Investment Management LLC purchased a new position in ProShares Ultra Short Bitcoin ETF in the 4th quarter valued at about $4,278,000. Simplex Trading LLC acquired a new stake in shares of ProShares Ultra Short Bitcoin ETF during the 4th quarter worth about $2,368,000. StoneX Group Inc. acquired a new stake in shares of ProShares Ultra Short Bitcoin ETF during the 4th quarter worth about $226,000. Finally, Jump Financial LLC grew its holdings in shares of ProShares Ultra Short Bitcoin ETF by 161.1% during the fourth quarter. Jump Financial LLC now owns 27,071 shares of the company’s stock worth $1,189,000 after buying an additional 16,703 shares in the last quarter.

ProShares Ultra Short Bitcoin ETF Price Performance

NYSEARCA:SBIT opened at $56.93 on Friday. The firm has a 50 day simple moving average of $54.95 and a 200-day simple moving average of $51.94. ProShares Ultra Short Bitcoin ETF has a 1-year low of $23.60 and a 1-year high of $76.51.

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.