iShares Bitcoin Trust (NASDAQ:IBIT) Short Interest Update

iShares Bitcoin Trust (NASDAQ:IBIT) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 6,410,000 shares, a decline of 54.4% from the January 31st total of 14,070,000 shares. Based on an average daily volume of 49,000,800 shares, the days-to-cover ratio is presently 0.1 days.

iShares Bitcoin Trust Stock Performance

IBIT stock traded up $0.55 on Friday, hitting $47.90. 59,402,964 shares of the company were exchanged, compared to its average volume of 45,855,840. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The business’s fifty day moving average is $55.25 and its two-hundred day moving average is $46.63.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Vienna Asset Management LLC lifted its stake in shares of iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after purchasing an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in iShares Bitcoin Trust during the third quarter valued at approximately $656,000. Andina Capital Management LLC grew its stake in iShares Bitcoin Trust by 131.0% during the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock worth $910,000 after buying an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after acquiring an additional 9,266 shares in the last quarter. Finally, Mutual Advisors LLC raised its stake in shares of iShares Bitcoin Trust by 65.8% in the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after acquiring an additional 62,338 shares during the period.

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.