iShares Bitcoin Trust ETF (NASDAQ:IBIT) Sees Significant Increase in Short Interest

iShares Bitcoin Trust ETF (NASDAQ:IBIT) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 23,743,001 shares, an increase of 20.7% from the December 31st total of 19,668,810 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 55,751,952 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 55,751,952 shares, the short-interest ratio is currently 0.4 days. Currently, 1.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBIT. Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $436,239,000. JPMorgan Chase & Co. increased its position in iShares Bitcoin Trust ETF by 1,119.9% in the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after purchasing an additional 2,953,342 shares during the period. Mint Tower Capital Management B.V. raised its holdings in iShares Bitcoin Trust ETF by 1,131.5% during the 2nd quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock worth $174,405,000 after purchasing an additional 2,617,925 shares during the last quarter. 59 North Capital Management LP acquired a new position in iShares Bitcoin Trust ETF during the 3rd quarter valued at about $169,100,000. Finally, Consolidated Portfolio Review Corp lifted its position in iShares Bitcoin Trust ETF by 27,185.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 2,142,185 shares of the company’s stock valued at $106,359,000 after purchasing an additional 2,134,334 shares during the period.

iShares Bitcoin Trust ETF Stock Down 2.1%

NASDAQ:IBIT traded down $0.92 during mid-day trading on Tuesday, reaching $43.30. 125,032,891 shares of the company were exchanged, compared to its average volume of 64,123,168. iShares Bitcoin Trust ETF has a 12 month low of $41.29 and a 12 month high of $71.82. The company has a fifty day moving average of $50.65 and a 200 day moving average of $58.75.

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.