ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) Shares Up 4.1% – Here’s Why

Posted by Anthony Miller on Jun 20th, 2026

ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Get Free Report) shares rose 4.1% during mid-day trading on Thursday . The company traded as high as $62.59 and last traded at $61.30. Approximately 947,039 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 1,670,400 shares. The stock had previously closed at $58.87.

ProShares Ultra Short Bitcoin ETF Stock Performance

The firm has a 50-day simple moving average of $48.15 and a 200 day simple moving average of $49.35.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SBIT. Client First Investment Management LLC purchased a new stake in ProShares Ultra Short Bitcoin ETF in the fourth quarter worth about $4,278,000. Simplex Trading LLC purchased a new position in shares of ProShares Ultra Short Bitcoin ETF during the fourth quarter valued at approximately $2,368,000. IMC Chicago LLC purchased a new position in shares of ProShares Ultra Short Bitcoin ETF during the fourth quarter valued at approximately $1,182,000. Jump Financial LLC boosted its position in shares of ProShares Ultra Short Bitcoin ETF by 161.1% in the 4th quarter. Jump Financial LLC now owns 27,071 shares of the company’s stock worth $1,189,000 after purchasing an additional 16,703 shares in the last quarter. Finally, Group One Trading LLC boosted its position in shares of ProShares Ultra Short Bitcoin ETF by 4,555.3% in the 1st quarter. Group One Trading LLC now owns 10,940 shares of the company’s stock worth $623,000 after purchasing an additional 10,705 shares in the last quarter.

ProShares Ultra Short Bitcoin ETF Company Profile

(Get Free Report)

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.