ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) Short Interest Update

Posted by James Quigley on Jun 5th, 2026

ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 92,143 shares, an increase of 62.2% from the April 30th total of 56,817 shares. Based on an average daily volume of 984,010 shares, the short-interest ratio is presently 0.1 days. Currently, 2.2% of the shares of the stock are short sold.

ProShares Ultra Short Bitcoin ETF Stock Performance

SBIT opened at $61.53 on Friday. The company’s 50 day moving average is $47.07 and its 200-day moving average is $48.10. ProShares Ultra Short Bitcoin ETF has a 1-year low of $23.60 and a 1-year high of $76.51.

Institutional Investors Weigh In On ProShares Ultra Short Bitcoin ETF

Several hedge funds have recently added to or reduced their stakes in SBIT. Canton Hathaway LLC acquired a new position in shares of ProShares Ultra Short Bitcoin ETF in the 4th quarter worth approximately $86,000. IMC Chicago LLC bought a new stake in ProShares Ultra Short Bitcoin ETF during the 4th quarter valued at $1,182,000. Client First Investment Management LLC bought a new stake in ProShares Ultra Short Bitcoin ETF during the 4th quarter valued at $4,278,000. Simplex Trading LLC bought a new stake in ProShares Ultra Short Bitcoin ETF during the 4th quarter valued at $2,368,000. Finally, StoneX Group Inc. bought a new stake in shares of ProShares Ultra Short Bitcoin ETF in the 4th quarter worth $226,000.

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.