iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 9,170,000 shares, a growth of 53.1% from the February 28th total of 5,990,000 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 45,809,700 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of iShares Bitcoin Trust
Several institutional investors have recently modified their holdings of the company. Townsquare Capital LLC lifted its holdings in iShares Bitcoin Trust by 20.7% in the 3rd quarter. Townsquare Capital LLC now owns 36,627 shares of the company's stock valued at $1,323,000 after acquiring an additional 6,279 shares during the last quarter. CreativeOne Wealth LLC increased its holdings in shares of iShares Bitcoin Trust by 97.9% in the third quarter. CreativeOne Wealth LLC now owns 18,957 shares of the company's stock valued at $685,000 after buying an additional 9,376 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of iShares Bitcoin Trust by 102.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,137 shares of the company's stock valued at $77,000 after acquiring an additional 1,082 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of iShares Bitcoin Trust by 6.4% in the 3rd quarter. Captrust Financial Advisors now owns 94,095 shares of the company's stock worth $3,400,000 after acquiring an additional 5,686 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of iShares Bitcoin Trust during the third quarter worth $2,782,000.
iShares Bitcoin Trust Price Performance
NASDAQ:IBIT traded up $1.11 during midday trading on Wednesday, hitting $49.41. 36,920,287 shares of the stock were exchanged, compared to its average volume of 44,501,316. The business has a 50-day moving average price of $51.94 and a two-hundred day moving average price of $49.10. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.
About iShares Bitcoin Trust
(
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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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