ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) Sees Significant Drop in Short Interest

Posted by Lauren Steadman on Aug 18th, 2026

ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Get Free Report) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 96,663 shares, a drop of 45.4% from the July 15th total of 177,036 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average daily volume of 507,611 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Ultra Short Bitcoin ETF Stock Performance

ProShares Ultra Short Bitcoin ETF stock traded down $0.47 during midday trading on Tuesday, reaching $55.43. The company’s stock had a trading volume of 379,824 shares, compared to its average volume of 1,385,384. The business has a 50-day moving average price of $58.99 and a 200-day moving average price of $54.55. ProShares Ultra Short Bitcoin ETF has a 52 week low of $23.60 and a 52 week high of $76.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBIT. StoneX Group Inc. bought a new position in ProShares Ultra Short Bitcoin ETF during the 4th quarter valued at $226,000. XTX Topco Ltd purchased a new position in ProShares Ultra Short Bitcoin ETF during the fourth quarter valued at approximately $247,000. Group One Trading LLC grew its holdings in shares of ProShares Ultra Short Bitcoin ETF by 4,555.3% during the first 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. IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Short Bitcoin ETF during the 4th quarter valued at $1,182,000. Finally, Jump Financial LLC raised its stake in shares of ProShares Ultra Short Bitcoin ETF by 161.1% during the fourth quarter. Jump Financial LLC now owns 27,071 shares of the company’s stock worth $1,189,000 after acquiring an additional 16,703 shares in the last quarter.

About ProShares Ultra Short Bitcoin ETF

(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.