SBIT

The ProShares UltraShort Bitcoin ETF (SBIT) is an exchange-traded fund designed to deliver twice the inverse (-2x) of the daily performance of the Bloomberg Bitcoin Index. This means that for each percentage point decline in the price of Bitcoin on a given day, SBIT aims to achieve a two percent gain, before accounting for fees and expenses. The fund utilizes financial instruments such as futures and swaps to achieve its objective, providing investors with a means to profit from declines in Bitcoin's price without directly shorting the cryptocurrency. It's important to note that SBIT is intended for short-term trading strategies and may not be suitable for long-term investments due to the daily reset of its leverage factor. ​StockInvest+19Barchart.com+19MarketChameleon.com+19Charles SchwabProShares ETFs

Over the past 52 weeks, SBIT has experienced a high of $56.56 and a low of $8.59. ​ETF Database+10StockInvest+10Nasdaq+10

Currently, there is no analyst coverage or consensus rating available for SBIT, resulting in a lack of buy, hold, or sell recommendations. ​Financhill

Subscribe to our API. See Strong Buy and Sell Signals the Day after They Occur!