(SBIT) Proshares Ultrashort - Ratings and Ratios

The ProShares Ultrashort Bitcoin ETF (NYSE ARCA: SBIT) is designed to provide inverse exposure to the daily price movement of Bitcoin. The fund seeks to deliver returns that are approximately -1x the daily performance of Bitcoin, making it a tool for investors looking to hedge or speculate on potential declines in the cryptocurrencys value. The ETF achieves this through the use of financial instruments such as futures contracts and other derivatives, which are selected to align with the funds objective of inverse correlation to Bitcoin prices.

Under normal market conditions, the fund invests at least 80% of its assets in instruments that ProShare Advisors believes will collectively provide daily returns consistent with the funds stated objective. This approach allows the fund to maintain its target exposure while managing risks associated with Bitcoins volatility. The fund is classified as non-diversified, meaning it can concentrate its holdings in a smaller number of securities or instruments, which may amplify both potential returns and risks.

As of the latest data, the fund has an average trading volume of 6,081,773 shares over the past 20 days, with a last price of $11.95. The funds recent price action shows a short-term uptrend, with its 20-day SMA at $11.45 and 50-day SMA at $10.75, indicating potential buying interest. However, the 200-day SMA at $26.38 reflects a longer-term downtrend, signaling broader market weakness. The Average True Range (ATR) of 0.95 suggests moderate volatility, while the funds assets under management (AUM) of $48.23 million indicate a smaller but dedicated investor base.