Client First Investment Management LLC Takes $4.28 Million Position in ProShares Ultra Short Bitcoin ETF $SBIT

Client First Investment Management LLC acquired a new stake in shares of ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 97,411 shares of the company’s stock, valued at approximately $4,278,000. ProShares Ultra Short Bitcoin ETF comprises 2.2% of Client First Investment Management LLC’s investment portfolio, making the stock its 8th largest holding. Client First Investment Management LLC owned approximately 3.28% of ProShares Ultra Short Bitcoin ETF at the end of the most recent quarter.

Separately, IMC Chicago LLC purchased a new position in ProShares Ultra Short Bitcoin ETF in the 4th quarter worth $1,182,000.

ProShares Ultra Short Bitcoin ETF Stock Performance

Shares of SBIT stock opened at $45.14 on Thursday. The business has a fifty day moving average of $46.99 and a 200 day moving average of $47.34. 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.