iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s share price were up 3.1% during trading on Wednesday . The company traded as high as $56.83 and last traded at $56.52. Approximately 20,593,695 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 40,448,699 shares. The stock had previously closed at $54.83.
iShares Bitcoin Trust Stock Performance
The business has a 50-day moving average price of $54.56 and a 200-day moving average price of $42.24.
Hedge Funds Weigh In On iShares Bitcoin Trust
Hedge funds and other institutional investors have recently made changes to their positions in the company. IMC Chicago LLC acquired a new position in iShares Bitcoin Trust in the 3rd quarter valued at $323,337,000. D. E. Shaw & Co. Inc. grew its holdings in shares of iShares Bitcoin Trust by 1,657.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after buying an additional 2,486,608 shares in the last quarter. Sculptor Capital LP raised its position in shares of iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after buying an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. lifted its stake in shares of iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after buying an additional 1,903,644 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in iShares Bitcoin Trust during the second quarter worth about $56,965,000.
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.
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