iShares Bitcoin Trust ETF (NASDAQ:IBIT) Short Interest Update

iShares Bitcoin Trust ETF (NASDAQ:IBIT) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 14,470,819 shares, a decline of 32.1% from the November 30th total of 21,306,967 shares. Based on an average daily volume of 57,502,106 shares, the short-interest ratio is currently 0.3 days. Currently, 1.0% of the shares of the company are sold short. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 57,502,106 shares, the short-interest ratio is currently 0.3 days.

iShares Bitcoin Trust ETF Trading Up 0.9%

IBIT stock traded up $0.45 on Tuesday, hitting $49.83. The company had a trading volume of 43,792,479 shares, compared to its average volume of 50,075,754. iShares Bitcoin Trust ETF has a 12-month low of $42.98 and a 12-month high of $71.82. The stock’s 50-day simple moving average is $53.89 and its 200 day simple moving average is $60.80.

Institutional Trading of iShares Bitcoin Trust ETF

Large investors have recently modified their holdings of the company. Chapman Financial Group LLC purchased a new position in iShares Bitcoin Trust ETF in the third quarter worth about $25,000. Sachetta LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 793.0% in the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares during the period. Signature Resources Capital Management LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 81.6% in the second quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after buying an additional 200 shares during the last quarter. RMG Wealth Management LLC bought a new stake in iShares Bitcoin Trust ETF during the second quarter valued at approximately $30,000. Finally, Anchor Investment Management LLC increased its holdings in iShares Bitcoin Trust ETF by 210.3% during the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after buying an additional 305 shares during the last quarter.

About iShares Bitcoin Trust ETF

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.