iShares Bitcoin Trust (NASDAQ:IBIT) Sees Significant Growth in Short Interest

iShares Bitcoin Trust (NASDAQ:IBIT) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 10,350,000 shares, a growth of 176.7% from the November 15th total of 3,740,000 shares. Based on an average daily volume of 43,660,900 shares, the days-to-cover ratio is currently 0.2 days.

iShares Bitcoin Trust Trading Up 1.7 %

IBIT stock traded up $0.94 during midday trading on Friday, reaching $57.86. The stock had a trading volume of 30,880,659 shares, compared to its average volume of 34,590,414. The company’s fifty day simple moving average is $46.07 and its 200 day simple moving average is $39.18. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $59.16.

Institutional Trading of iShares Bitcoin Trust

Hedge funds have recently bought and sold shares of the business. IMC Chicago LLC purchased a new position in iShares Bitcoin Trust during the third quarter worth approximately $323,337,000. Aristeia Capital L.L.C. increased its position 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 boosted its holdings in iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of 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 buying an additional 2,486,608 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in iShares Bitcoin Trust in the second quarter valued at approximately $56,965,000.

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.