IMC Chicago LLC Decreases Position in ProShares Ultra Short Bitcoin ETF $SBIT

IMC Chicago LLC lowered its position in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) by 85.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,952 shares of the company’s stock after selling 22,954 shares during the quarter. IMC Chicago LLC owned 0.09% of ProShares Ultra Short Bitcoin ETF worth $225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canton Hathaway LLC purchased a new stake in shares of ProShares Ultra Short Bitcoin ETF in the 4th quarter worth about $86,000. StoneX Group Inc. purchased a new position in ProShares Ultra Short Bitcoin ETF during the 4th quarter valued at about $226,000. XTX Topco Ltd acquired a new position in ProShares Ultra Short Bitcoin ETF during the fourth quarter worth about $247,000. Jump Financial LLC raised its position in 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 during the last quarter. Finally, Simplex Trading LLC purchased a new stake in shares of ProShares Ultra Short Bitcoin ETF in the fourth quarter valued at about $2,368,000.

ProShares Ultra Short Bitcoin ETF Stock Up 2.2%

Shares of NYSEARCA SBIT opened at $56.93 on Friday. The firm’s 50-day moving average is $54.95 and its two-hundred day moving average is $51.94. ProShares Ultra Short Bitcoin ETF has a 12-month low of $23.60 and a 12-month 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.