iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s share price were down 3.4% during mid-day trading on Monday . The stock traded as low as $52.91 and last traded at $52.96. Approximately 16,769,462 shares were traded during trading, a decline of 52% from the average daily volume of 35,151,770 shares. The stock had previously closed at $54.81.
iShares Bitcoin Trust Stock Performance
The business’s 50 day moving average is $49.06 and its 200 day moving average is $40.03.
Hedge Funds Weigh In On iShares Bitcoin Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vienna Asset Management LLC boosted its stake in shares of iShares Bitcoin Trust by 131.6% during the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after acquiring an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of iShares Bitcoin Trust during the third quarter worth $656,000. B. Riley Wealth Advisors Inc. increased its stake in iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after purchasing an additional 9,266 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in iShares Bitcoin Trust during the third quarter worth about $11,507,000. Finally, Marathon Trading Investment Management LLC boosted its stake in iShares Bitcoin Trust by 238.4% in the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after buying an additional 54,671 shares during the last quarter.
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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