iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 9,260,000 shares, a decrease of 22.6% from the October 15th total of 11,960,000 shares. Based on an average daily trading volume, of 31,368,700 shares, the days-to-cover ratio is presently 0.3 days.
iShares Bitcoin Trust Trading Down 2.6 %
Shares of iShares Bitcoin Trust stock opened at $49.73 on Friday. The business’s 50 day simple moving average is $37.60 and its 200-day simple moving average is $36.53. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $53.26.
Institutional Trading of iShares Bitcoin Trust
Institutional investors and hedge funds have recently made changes to their positions in the stock. Glass Jacobson Investment Advisors llc acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $26,000. Asset Dedication LLC raised its position in shares of iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period. Creekmur Asset Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $30,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $36,000.
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.
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