iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) shares were up 0.9% during trading on Friday . The company traded as high as $57.80 and last traded at $57.45. Approximately 9,466,607 shares were traded during trading, a decline of 73% from the average daily volume of 34,496,227 shares. The stock had previously closed at $56.92.
iShares Bitcoin Trust Stock Performance
The business has a 50-day moving average of $46.07 and a two-hundred day moving average of $39.18.
Hedge Funds Weigh In On iShares Bitcoin Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in IBIT. IMC Chicago LLC acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth approximately $323,337,000. Aristeia Capital L.L.C. increased its position in shares of iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after purchasing an additional 1,903,644 shares in the last quarter. Sculptor Capital LP lifted its holdings in iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after buying an additional 2,486,608 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in iShares Bitcoin Trust during the second 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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