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

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

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock traded down $1.88 during trading on Friday, hitting $47.56. 37,515,018 shares of the stock were exchanged, compared to its average volume of 45,216,676. The firm’s 50-day moving average price is $52.64 and its 200 day moving average price is $48.78. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75.

Institutional Trading of iShares Bitcoin Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brevan Howard Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth about $1,385,364,000. Symmetry Investments LP increased its stake in iShares Bitcoin Trust by 3,605.8% in the fourth quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock valued at $672,611,000 after purchasing an additional 12,336,673 shares during the last quarter. Mubadala Investment Co PJSC acquired a new stake in iShares Bitcoin Trust during the fourth quarter worth approximately $436,895,000. D. E. Shaw & Co. Inc. lifted its position in shares of iShares Bitcoin Trust by 344.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock worth $512,857,000 after buying an additional 7,494,123 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at $378,140,000.

About iShares Bitcoin Trust

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.