iShares Bitcoin Trust (NASDAQ:IBIT) Short Interest Update

iShares Bitcoin Trust (NASDAQ:IBIT) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 3,260,000 shares, a decrease of 68.5% from the November 30th total of 10,350,000 shares. Based on an average daily volume of 48,069,400 shares, the short-interest ratio is presently 0.1 days.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT traded down $1.93 during trading on Thursday, reaching $54.30. The company had a trading volume of 26,454,031 shares, compared to its average volume of 35,205,516. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $61.75. The stock has a 50-day moving average price of $49.77 and a two-hundred day moving average price of $40.26.

Institutional Investors Weigh In On iShares Bitcoin Trust

A number of hedge funds and other institutional investors have recently modified their holdings of IBIT. Vienna Asset Management LLC boosted its position in iShares Bitcoin Trust by 131.6% during the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after acquiring an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of iShares Bitcoin Trust during the third quarter worth $656,000. B. Riley Wealth Advisors Inc. grew its position in shares of iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after purchasing an additional 9,266 shares during the period. Capstone Investment Advisors LLC acquired a new position in iShares Bitcoin Trust in the third quarter valued at $11,507,000. Finally, Marathon Trading Investment Management LLC boosted its stake in iShares Bitcoin Trust by 238.4% in the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after buying an additional 54,671 shares during the last quarter.

About iShares Bitcoin Trust

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.