Bloomberg ETF Analyst: IBIT short positions have significantly decreased, approaching levels before the April rally

Bloomberg ETF analyst Eric Balchunas posted on social media, "The short position in IBIT has significantly decreased. Although it was initially not high, only accounting for 2% of the outstanding shares, it has now almost returned to the levels before the rally in April. S3 Partners noted that traders typically short when the stock price is strong and cover when it declines, and included all ETFs for reference in their analysis."