iShares Bitcoin Trust ETF (NASDAQ:IBIT) Short Interest Down 22.0% in February

iShares Bitcoin Trust ETF (NASDAQ:IBIT) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 17,743,392 shares, a drop of 22.0% from the February 12th total of 22,751,609 shares. Based on an average daily volume of 44,357,859 shares, the short-interest ratio is presently 0.4 days. Currently, 1.3% of the company’s stock are sold short. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 44,357,859 shares, the short-interest ratio is presently 0.4 days.

iShares Bitcoin Trust ETF Trading Up 1.1%

Shares of iShares Bitcoin Trust ETF stock traded up $0.42 during trading hours on Friday, hitting $40.37. 82,783,676 shares of the company’s stock traded hands, compared to its average volume of 71,919,242. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82. The company has a fifty day simple moving average of $44.15 and a 200-day simple moving average of $53.39.

Institutional Trading of iShares Bitcoin Trust ETF

Institutional investors and hedge funds have recently modified their holdings of the business. ARP Global Capital Ltd bought a new position in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $27,427,000. Green Ridge Wealth Planning LLC bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter worth $1,210,000. Advisortrust Partners LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $2,284,000. Audent Global Asset Management LLC raised its position in iShares Bitcoin Trust ETF by 11.7% in the 4th quarter. Audent Global Asset Management LLC now owns 96,993 shares of the company’s stock worth $4,816,000 after buying an additional 10,130 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 35.1% during the 4th quarter. Corient Private Wealth LLC now owns 648,913 shares of the company’s stock valued at $32,067,000 after buying an additional 168,720 shares during the period.

About iShares Bitcoin Trust ETF

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.