iShares Bitcoin Trust (NASDAQ:IBIT) Short Interest Update

iShares Bitcoin Trust (NASDAQ:IBIT) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 6,410,000 shares, a decline of 54.4% from the January 31st total of 14,070,000 shares. Based on an average trading volume of 49,000,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of iShares Bitcoin Trust by 27.0% in the fourth quarter. Millennium Management LLC now owns 29,850,198 shares of the company’s stock valued at $1,583,553,000 after buying an additional 6,352,197 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in iShares Bitcoin Trust in the 4th quarter worth approximately $1,385,364,000. Symmetry Investments LP raised its holdings in iShares Bitcoin Trust by 3,605.8% in the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock valued at $672,611,000 after acquiring an additional 12,336,673 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of iShares Bitcoin Trust by 344.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock worth $512,857,000 after purchasing an additional 7,494,123 shares during the period. Finally, Capula Management Ltd boosted its holdings in shares of iShares Bitcoin Trust by 8.7% during the fourth quarter. Capula Management Ltd now owns 9,268,886 shares of the company’s stock worth $491,714,000 after purchasing an additional 743,930 shares during the last quarter.

iShares Bitcoin Trust Stock Up 1.2 %

Shares of NASDAQ:IBIT traded up $0.55 on Friday, hitting $47.90. The company had a trading volume of 59,402,964 shares, compared to its average volume of 45,855,840. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The business has a 50 day moving average of $55.25 and a 200 day moving average of $46.63.

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.