Flow Traders U.S. LLC Has $930,000 Position in ProShares Ultra Short Bitcoin ETF $SBIT

Flow Traders U.S. LLC cut its holdings in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) by 53.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,869 shares of the company’s stock after selling 30,588 shares during the quarter. Flow Traders U.S. LLC’s holdings in ProShares Ultra Short Bitcoin ETF were worth $930,000 as of its most recent SEC filing.

Separately, Jump Financial LLC lifted its stake in shares of ProShares Ultra Short Bitcoin ETF by 239.5% in the 1st quarter. Jump Financial LLC now owns 73,805 shares of the company’s stock valued at $967,000 after purchasing an additional 52,067 shares during the period.

ProShares Ultra Short Bitcoin ETF Stock Performance

NYSEARCA:SBIT opened at $39.18 on Wednesday. ProShares Ultra Short Bitcoin ETF has a 12-month low of $23.60 and a 12-month high of $76.55. The stock’s fifty day simple moving average is $34.86 and its 200-day simple moving average is $32.80.

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.