iShares Bitcoin Trust (NASDAQ:IBIT) Short Interest Up 53.1% in March

iShares Bitcoin Trust (NASDAQ:IBIT) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 9,170,000 shares, an increase of 53.1% from the February 28th total of 5,990,000 shares. Based on an average daily trading volume, of 45,809,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Union Savings Bank purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at $25,000. Vision Financial Markets LLC purchased a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $25,000. City Holding Co. grew its stake in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC raised its stake in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares during the period.

iShares Bitcoin Trust Trading Down 1.6 %

IBIT stock traded down $0.75 during mid-day trading on Monday, reaching $46.81. 23,881,047 shares of the stock traded hands, compared to its average volume of 44,866,691. The business has a 50-day moving average price of $52.64 and a two-hundred day moving average price of $48.90. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.

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.