iShares Bitcoin Trust (NASDAQ:IBIT) Short Interest Update

iShares Bitcoin Trust (NASDAQ:IBIT) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 9,170,000 shares, a growth of 53.1% from the February 28th total of 5,990,000 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 45,809,700 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of iShares Bitcoin Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Union Savings Bank bought a new stake in iShares Bitcoin Trust during the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust in the fourth quarter valued at $25,000. City Holding Co. grew its holdings in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC increased its holdings in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings in iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT traded up $1.54 during mid-day trading on Tuesday, reaching $48.35. 21,441,387 shares of the company traded hands, compared to its average volume of 44,470,199. The company’s fifty day moving average is $52.38 and its two-hundred day moving average is $48.99. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75.

iShares Bitcoin Trust 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.