Short Interest in iShares Bitcoin Trust ETF (NASDAQ:IBIT) Drops By 28.6%
by Jessica Moore · The Cerbat GemiShares Bitcoin Trust ETF (NASDAQ:IBIT – Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 13,094,945 shares, a decline of 28.6% from the March 15th total of 18,350,162 shares. Based on an average daily trading volume, of 50,850,182 shares, the short-interest ratio is currently 0.3 days. Approximately 0.9% of the company’s stock are sold short.
Institutional Trading of iShares Bitcoin Trust ETF
A number of hedge funds have recently modified their holdings of IBIT. Sachetta LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after buying an additional 341 shares in the last quarter. Chapman Financial Group LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter valued at $25,000. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in shares of iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Key Capital Management INC bought a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $26,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 637.5% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares in the last quarter.
iShares Bitcoin Trust ETF Stock Performance
Shares of IBIT stock traded up $0.43 during mid-day trading on Wednesday, reaching $42.56. 34,798,704 shares of the company’s stock traded hands, compared to its average volume of 64,272,195. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82. The company’s 50-day moving average price is $39.28 and its 200-day moving average price is $49.60.
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.