Jane Street Group LLC Purchases 38,807 Shares of ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT)

Jane Street Group LLC increased its position in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) by 194.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,815 shares of the company’s stock after acquiring an additional 38,807 shares during the quarter. Jane Street Group LLC owned about 20.28% of ProShares Ultra Short Bitcoin ETF worth $695,000 at the end of the most recent quarter.

Separately, Heritage Oak Wealth Advisors LLC bought a new position in shares of ProShares Ultra Short Bitcoin ETF during the 4th quarter worth about $121,000.

ProShares Ultra Short Bitcoin ETF Stock Performance

NYSEARCA:SBIT opened at $6.89 on Monday. The firm’s 50-day moving average is $10.45 and its 200-day moving average is $11.07. ProShares Ultra Short Bitcoin ETF has a 52-week low of $6.49 and a 52-week high of $55.10.

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.