iShares Bitcoin Trust ETF (NASDAQ:IBIT) Sees Large Growth in Short Interest

iShares Bitcoin Trust ETF (NASDAQ:IBIT) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 19,668,810 shares, a growth of 35.9% from the December 15th total of 14,470,819 shares. Based on an average daily volume of 47,741,508 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.4% of the company’s shares are short sold. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 47,741,508 shares, the days-to-cover ratio is currently 0.4 days.

iShares Bitcoin Trust ETF Stock Up 0.4%

Shares of NASDAQ IBIT traded up $0.24 during mid-day trading on Friday, hitting $54.24. The stock had a trading volume of 43,199,054 shares, compared to its average volume of 55,480,445. The business has a 50 day moving average price of $51.59 and a two-hundred day moving average price of $60.09. iShares Bitcoin Trust ETF has a 1 year low of $42.98 and a 1 year high of $71.82.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter worth $711,000. Bison Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $3,140,000. Royal Bank of Canada grew its stake in iShares Bitcoin Trust ETF by 3.6% in the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after purchasing an additional 2,148 shares during the period. Jones Financial Companies Lllp raised its holdings in iShares Bitcoin Trust ETF by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after purchasing an additional 1,760 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its holdings in iShares Bitcoin Trust ETF by 11.1% in the second quarter. Pallas Capital Advisors LLC now owns 8,609 shares of the company’s stock worth $527,000 after purchasing an additional 862 shares in the last quarter.

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.