Bloomberg ETF Analyst: IBIT Short Position Significantly Reduced, Approaching Pre-April Rally Levels

BlockBeats News, November 25th, Bloomberg ETF analyst Eric Balchunas posted on social media, stating, "IBIT's short position has dropped significantly, although it was not initially high, accounting for only 2% of the float, but it has now almost returned to pre-April surge levels. S3 Partners pointed out that traders usually short sell when the stock price is strong and cover on the decline. In the analysis, all ETFs are included for reference."