iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 9,260,000 shares, a drop of 22.6% from the October 15th total of 11,960,000 shares. Based on an average daily volume of 31,368,700 shares, the short-interest ratio is presently 0.3 days.
iShares Bitcoin Trust Price Performance
IBIT stock traded up $2.09 during trading on Friday, reaching $51.82. 39,434,410 shares of the stock were exchanged, compared to its average volume of 32,424,328. The business has a 50 day moving average price of $37.95 and a 200-day moving average price of $36.62. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $53.26.
Institutional Trading of iShares Bitcoin Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IMC Chicago LLC purchased a new position in iShares Bitcoin Trust in the third quarter worth approximately $323,337,000. Aristeia Capital L.L.C. grew its holdings in shares of 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 worth $202,806,000 after purchasing an additional 1,903,644 shares during the period. Sculptor Capital LP increased its position in shares of iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company's stock worth $115,831,000 after purchasing 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% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company's stock worth $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Finally, Bracebridge Capital LLC purchased a new stake in iShares Bitcoin Trust in the 1st quarter valued at about $100,639,000.
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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