iShares Bitcoin Trust ETF (NASDAQ:IBIT) Sees Significant Increase in Short Interest

iShares Bitcoin Trust ETF (NASDAQ:IBIT) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 22,488,545 shares, an increase of 71.7% from the March 31st total of 13,094,945 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 40,780,404 shares, the short-interest ratio is currently 0.6 days.

iShares Bitcoin Trust ETF Stock Down 0.7%

Shares of IBIT stock opened at $43.27 on Wednesday. The business’s fifty day moving average is $40.19 and its 200 day moving average is $47.92. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82.

Institutional Investors Weigh In On iShares Bitcoin Trust ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC grew its stake in iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the period. Vivaldi Capital Management LP grew its stake in iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after purchasing an additional 163 shares during the period. Encompass Wealth Advisors LLC boosted its holdings in iShares Bitcoin Trust ETF by 2.2% in the third quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after acquiring an additional 165 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in iShares Bitcoin Trust ETF by 3.3% in the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock worth $345,000 after acquiring an additional 172 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. boosted its holdings in iShares Bitcoin Trust ETF by 2.4% in the third quarter. FSB Premier Wealth Management Inc. now owns 7,244 shares of the company’s stock worth $471,000 after acquiring an additional 173 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.