iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 10,350,000 shares, an increase 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 short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On iShares Bitcoin Trust
Several hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter valued at about $323,337,000. Aristeia Capital L.L.C. boosted its stake in iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company's stock worth $202,806,000 after buying an additional 1,903,644 shares in the last quarter. Sculptor Capital LP grew its position in iShares Bitcoin Trust by 188.1% during the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company's stock valued at $115,831,000 after acquiring an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of iShares Bitcoin Trust by 1,657.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company's stock worth $90,014,000 after acquiring an additional 2,486,608 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of iShares Bitcoin Trust in the 2nd quarter worth approximately $56,965,000.
iShares Bitcoin Trust Stock Down 1.4 %
NASDAQ:IBIT traded down $0.80 during midday trading on Thursday, hitting $56.92. The company had a trading volume of 38,643,312 shares, compared to its average volume of 34,608,938. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $59.16. The stock's fifty day moving average price is $45.62 and its 200-day moving average price is $39.05.
iShares Bitcoin Trust Company Profile
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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.
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