Short Interest in iShares Bitcoin Trust ETF (NASDAQ:IBIT) Decreases By 22.0%

iShares Bitcoin Trust ETF (NASDAQ:IBIT) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 17,743,392 shares, a decrease of 22.0% from the February 12th total of 22,751,609 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average trading volume of 44,357,859 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 44,357,859 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.3% of the shares of the company are short sold.

Institutional Trading of iShares Bitcoin Trust ETF

A number of large investors have recently bought and sold shares of IBIT. Sachetta LLC boosted its holdings in iShares Bitcoin Trust ETF by 793.0% during the third quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after buying an additional 341 shares in the last quarter. Chapman Financial Group LLC purchased a new stake in iShares Bitcoin Trust ETF during the third quarter valued at about $25,000. Marshall & Sterling Wealth Advisors Inc. raised its stake in shares of iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Key Capital Management INC acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $26,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after acquiring an additional 459 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Up 1.1%

NASDAQ IBIT traded up $0.42 during trading hours on Friday, hitting $40.37. 82,783,676 shares of the company’s stock traded hands, compared to its average volume of 71,919,242. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82. The firm’s 50-day moving average is $44.15 and its 200-day moving average is $53.39.

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.