Client First Investment Management LLC bought a new position in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm bought 97,411 shares of the company’s stock, valued at approximately $4,278,000. ProShares Ultra Short Bitcoin ETF comprises about 2.2% of Client First Investment Management LLC’s holdings, making the stock its 8th largest position.
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.
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Want to see what other hedge funds are holding SBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Free Report).
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