iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s stock price fell 0.6% during trading on Thursday . The company traded as low as $55.30 and last traded at $56.31. 10,644,144 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 39,713,363 shares. The stock had previously closed at $56.64.
iShares Bitcoin Trust Stock Up 4.4 %
The business’s 50 day simple moving average is $54.88 and its 200 day simple moving average is $42.40.
Hedge Funds Weigh In On iShares Bitcoin Trust
A number of institutional investors and hedge funds have recently made changes to their positions in the business. IMC Chicago LLC purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth $323,337,000. Aristeia Capital L.L.C. grew its stake in shares of iShares Bitcoin Trust by 47.2% in the 2nd 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. Sculptor Capital LP grew its stake in shares of iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after buying an additional 2,215,107 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after purchasing an additional 2,486,608 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth about $56,965,000.
iShares Bitcoin Trust Company Profile
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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