iShares Bitcoin Trust ETF (NASDAQ:IBIT) Short Interest Update

iShares Bitcoin Trust ETF (NASDAQ:IBIT) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 19,668,810 shares, a growth of 35.9% from the December 15th total of 14,470,819 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 47,741,508 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 47,741,508 shares, the short-interest ratio is presently 0.4 days. Currently, 1.4% of the shares of the company are sold short.

Institutional Trading of iShares Bitcoin Trust ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sachetta LLC increased its stake in iShares Bitcoin Trust ETF by 793.0% in the third quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after acquiring an additional 341 shares during the last quarter. Chapman Financial Group LLC bought a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at $25,000. Signature Resources Capital Management LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 81.6% during the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after buying an additional 305 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in iShares Bitcoin Trust ETF in the second quarter valued at about $30,000.

iShares Bitcoin Trust ETF Trading Up 0.4%

NASDAQ:IBIT traded up $0.24 during mid-day trading on Monday, hitting $54.24. The stock had a trading volume of 43,199,054 shares, compared to its average volume of 55,480,445. iShares Bitcoin Trust ETF has a twelve month low of $42.98 and a twelve month high of $71.82. The company’s 50 day simple moving average is $51.59 and its 200 day simple moving average is $60.07.

iShares Bitcoin Trust ETF Company Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.