Heritage Oak Wealth Advisors LLC purchased a new position in shares of ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,227 shares of the company’s stock, valued at approximately $121,000.
Separately, IMC Chicago LLC acquired a new position in shares of ProShares Ultra Short Bitcoin ETF in the fourth quarter valued at $223,000.
ProShares Ultra Short Bitcoin ETF Stock Performance
NYSEARCA SBIT opened at $13.41 on Thursday. The firm has a 50-day moving average of $10.52 and a 200-day moving average of $21.00. ProShares Ultra Short Bitcoin ETF has a 52-week low of $8.59 and a 52-week high of $56.56.
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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