iShares Bitcoin Trust (NASDAQ:IBIT) Short Interest Update

iShares Bitcoin Trust (NASDAQ:IBIT) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 10,350,000 shares, a growth of 176.7% from the November 15th total of 3,740,000 shares. Based on an average daily trading volume, of 43,660,900 shares, the days-to-cover ratio is presently 0.2 days.

iShares Bitcoin Trust Price Performance

IBIT traded down $0.80 on Thursday, hitting $56.92. 38,643,312 shares of the company were exchanged, compared to its average volume of 34,608,938. The firm has a fifty day simple moving average of $45.62 and a two-hundred day simple moving average of $39.05. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $59.16.

Institutional Trading of iShares Bitcoin Trust

A number of institutional investors have recently made changes to their positions in IBIT. IMC Chicago LLC purchased a new position in shares of iShares Bitcoin Trust in the third quarter worth $323,337,000. Aristeia Capital L.L.C. boosted its position in iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after buying an additional 1,903,644 shares during the period. Sculptor Capital LP grew its holdings in iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after acquiring an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after acquiring an additional 2,486,608 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of iShares Bitcoin Trust during the second quarter valued at about $56,965,000.

iShares Bitcoin Trust 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.