iShares Bitcoin Trust (NASDAQ:IBIT) Short Interest Up 460.0% in September

iShares Bitcoin Trust (NASDAQ:IBIT) saw a significant increase in short interest in 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 daily volume of 26,797,300 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On iShares Bitcoin Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBIT. Aristeia Capital L.L.C. lifted its stake in iShares Bitcoin Trust by 47.2% during the second 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 last quarter. Sculptor Capital LP increased its holdings in shares of iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after acquiring an additional 2,215,107 shares during the period. D. E. Shaw & Co. Inc. lifted its position in iShares Bitcoin Trust by 1,657.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Bracebridge Capital LLC acquired a new position in iShares Bitcoin Trust during the 1st quarter valued at about $100,639,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of iShares Bitcoin Trust in the second quarter valued at approximately $56,965,000.

iShares Bitcoin Trust Stock Up 5.9 %

NASDAQ IBIT traded up $1.99 on Friday, reaching $35.94. The company had a trading volume of 32,980,652 shares, compared to its average volume of 30,152,916. The firm has a 50-day moving average of $34.22 and a 200-day moving average of $36.11. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99.

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.