Jane Street Group LLC Has $638,000 Stake in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT)

Jane Street Group LLC reduced its stake in ProShares Ultra Short Bitcoin ETF (NYSEARCA:SBIT) by 49.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,008 shares of the company’s stock after selling 19,478 shares during the period. Jane Street Group LLC owned 6.90% of ProShares Ultra Short Bitcoin ETF worth $638,000 at the end of the most recent quarter.

Separately, Flow Traders U.S. LLC boosted its position in shares of ProShares Ultra Short Bitcoin ETF by 30.3% in the third quarter. Flow Traders U.S. LLC now owns 10,481 shares of the company’s stock valued at $334,000 after acquiring an additional 2,436 shares during the period.

ProShares Ultra Short Bitcoin ETF Price Performance

Shares of ProShares Ultra Short Bitcoin ETF stock opened at $10.55 on Friday. The firm has a 50-day moving average of $14.09 and a 200-day moving average of $29.40. ProShares Ultra Short Bitcoin ETF has a 52-week low of $9.00 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.