iShares Bitcoin Trust (NASDAQ:IBIT) Shares Gap Down to $35.61

iShares Bitcoin Trust (NASDAQ:IBIT)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $35.61, but opened at $28.33. iShares Bitcoin Trust shares last traded at $29.83, with a volume of 29,295,309 shares traded.

iShares Bitcoin Trust Stock Performance

The business has a 50-day moving average price of $36.77 and a two-hundred day moving average price of $35.05.

Institutional Investors Weigh In On iShares Bitcoin Trust

A number of hedge funds have recently bought and sold shares of IBIT. FinTrust Capital Advisors LLC purchased a new position in iShares Bitcoin Trust in the first quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new stake in iShares Bitcoin Trust in the first quarter valued at $30,000. Creekmur Asset Management LLC purchased a new stake in iShares Bitcoin Trust during the 1st quarter worth about $30,000. International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at about $36,000.

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.