SBIT 📈 Proshares Ultrashort Bitcoin - Overview
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • • Digital Assets
SBIT: Financial, Instruments, Bitcoin, Bitcoin Market, Digital Assets, Derivatives
The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. Under normal circumstances, the fund will invest at least 80% of the fund's assets in, or provide exposure to, financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. The fund is non-diversified.
Additional Sources for SBIT ETF
News:
Wall Street Journal
Benzinga
Yahoo Finance
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
SBIT ETF Overview
| Market Cap in USD | 46m |
| Category | Digital Assets |
| IPO / Inception | 2024-04-01 |
SBIT ETF Ratings
| Growth 5y | -71.3% |
| Fundamental | - |
| Dividend | 30.0% |
| Rel. Strength Industry | -537 |
| Analysts | - |
| Fair Price Momentum | 8.48 USD |
| Fair Price DCF | - |
SBIT Dividends
| Dividend Yield 12m | 1.05% |
| Yield on Cost 5y | 0.27% |
| Annual Growth 5y | -40.58% |
| Payout Consistency | 100.0% |
SBIT Growth Ratios
| Growth Correlation 3m | -96% |
| Growth Correlation 12m | -82% |
| Growth Correlation 5y | -82% |
| CAGR 5y | -74.45% |
| CAGR/Mean DD 5y | -1.93 |
| Sharpe Ratio 12m | -0.96 |
| Alpha | -34.28 |
| Beta | -1.92 |
| Volatility | 105.10% |
| Current Volume | 4352.9k |
| Average Volume 20d | 5924.3k |
What is the price of SBIT stocks?
As of December 27, 2024, the stock is trading at USD 11.23 with a total of 4,352,900 shares traded.
Over the past week, the price has changed by -0.18%, over one month by -15.37%, over three months by -63.43% and over the past year by -74.45%.
As of December 27, 2024, the stock is trading at USD 11.23 with a total of 4,352,900 shares traded.
Over the past week, the price has changed by -0.18%, over one month by -15.37%, over three months by -63.43% and over the past year by -74.45%.
Is Proshares Ultrashort Bitcoin a good stock to buy?
No, based on ValueRay Analyses, Proshares Ultrashort Bitcoin (NYSE ARCA:SBIT) is currently (December 2024) a stock to sell. It has a ValueRay Growth Rating of -71.32 and therefor a clear technical negative rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of SBIT as of December 2024 is 8.48. This means that SBIT is currently overvalued and has a potential downside of -24.49%.
No, based on ValueRay Analyses, Proshares Ultrashort Bitcoin (NYSE ARCA:SBIT) is currently (December 2024) a stock to sell. It has a ValueRay Growth Rating of -71.32 and therefor a clear technical negative rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of SBIT as of December 2024 is 8.48. This means that SBIT is currently overvalued and has a potential downside of -24.49%.
Is SBIT a buy, sell or hold?
Proshares Ultrashort Bitcoin has no consensus analysts rating.
Proshares Ultrashort Bitcoin has no consensus analysts rating.
What are the forecast for SBIT stock price target?
According to ValueRays Forecast Model, SBIT Proshares Ultrashort Bitcoin will be worth about 9.2 in December 2025. The stock is currently trading at 11.23. This means that the stock has a potential downside of -18.43%.
According to ValueRays Forecast Model, SBIT Proshares Ultrashort Bitcoin will be worth about 9.2 in December 2025. The stock is currently trading at 11.23. This means that the stock has a potential downside of -18.43%.
| Issuer | Forecast | Upside |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 9.2 | -18.4% |