iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 3,850,000 shares, a decline of 53.0% from the March 31st total of 8,200,000 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 46,230,600 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Physician Wealth Advisors Inc. boosted its position in shares of iShares Bitcoin Trust by 10.6% during the 1st quarter. Physician Wealth Advisors Inc. now owns 2,601 shares of the company's stock valued at $122,000 after purchasing an additional 249 shares in the last quarter. Pinnacle Financial Partners Inc purchased a new position in iShares Bitcoin Trust during the 1st quarter worth approximately $746,000. American Capital Advisory LLC raised its stake in iShares Bitcoin Trust by 144.7% during the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company's stock valued at $26,000 after purchasing an additional 327 shares during the period. GR Financial Group LLC boosted its position in shares of iShares Bitcoin Trust by 51.4% in the first quarter. GR Financial Group LLC now owns 9,455 shares of the company's stock worth $443,000 after buying an additional 3,212 shares during the period. Finally, Fedenia Advisers LLC grew its holdings in shares of iShares Bitcoin Trust by 1.7% during the first quarter. Fedenia Advisers LLC now owns 91,397 shares of the company's stock valued at $4,278,000 after buying an additional 1,568 shares in the last quarter.
iShares Bitcoin Trust Trading Down 0.7 %
IBIT stock traded down $0.39 during trading on Monday, reaching $53.88. 33,859,285 shares of the company's stock were exchanged, compared to its average volume of 45,995,766. The company's fifty day moving average price is $48.79 and its 200-day moving average price is $50.80. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.
iShares Bitcoin Trust Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
