iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 9,800,000 shares, an increase of 460.0% from the September 15th total of 1,750,000 shares. Based on an average trading volume of 26,797,300 shares, the short-interest ratio is presently 0.4 days.
iShares Bitcoin Trust Trading Down 2.1 %
IBIT traded down $0.73 on Thursday, hitting $33.95. The company had a trading volume of 25,896,378 shares, compared to its average volume of 30,137,207. The business's fifty day simple moving average is $34.22 and its 200 day simple moving average is $36.11. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99.
Institutional Investors Weigh In On iShares Bitcoin Trust
Institutional investors have recently modified their holdings of the stock. Brookstone Capital Management purchased a new stake in iShares Bitcoin Trust during the 1st quarter valued at $7,017,000. Kingsview Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth about $1,403,000. Financial Sense Advisors Inc. purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter worth about $1,278,000. Axxcess Wealth Management LLC bought a new position in iShares Bitcoin Trust during the 1st quarter valued at about $965,000. Finally, Traynor Capital Management Inc. purchased a new stake in iShares Bitcoin Trust in the 1st quarter worth about $3,666,000.
iShares Bitcoin Trust Company Profile
(
Get Free Report)
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.
See Also
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
