iShares Bitcoin Trust (NASDAQ:IBIT) Short interest fell 62.4% in September

iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report ) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,750,000 shares, a decrease of 62.4% from its August 31st total of 4,650,000 shares. Based on an average daily volume of 26,445,400 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Influence iShares Bitcoin Trust

Several large investors have recently made changes to their positions in IBIT. FinTrust Capital Advisors LLC bought a new position in iShares Bitcoin Trust in the 1st quarter worth $26,000. Glass Jacobson Investment Advisors llc bought a new position in shares of iShares Bitcoin Trust during the second quarter valued at approximately $26,000. Sound Income Strategies LLC purchased a new position in shares of iShares Bitcoin Trust in the first quarter valued at approximately $30,000. Creekmur Asset Management LLC bought a new stake in shares of iShares Bitcoin Trust in the first quarter valued at approximately $30,000. Finally, International Assets Investment Management LLC purchased a new stake in iShares Bitcoin Trust during the second quarter valued at approximately $31,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT traded up $0.67 during trading hours on Wednesday, reaching $35.97. 13,468,775 shares of the company’s stock traded hands, compared to its average volume of 30,320,953. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99. The company’s 50-day moving average price is $34.68 and its 200-day moving average price is $36.35.

iShares Bitcoin Trust Company Profile

(Get a free report)

IShares Bitcoin Trust Registered (IBIT) is an exchange traded fund that mainly invests in currency long btc, short USD. The fund is a passively managed fund that aims to track the spot price of Bitcoin. IBIT was launched on January 5, 2024 and is issued by BlackRock.

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