iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s share price fell 0.3% during mid-day trading on Thursday . The stock traded as low as $47.62 and last traded at $47.81. Approximately 7,136,283 shares changed hands during trading, a decline of 84% from the average daily volume of 45,250,840 shares. The stock had previously closed at $47.96.
iShares Bitcoin Trust Price Performance
The business's 50-day simple moving average is $49.02 and its two-hundred day simple moving average is $50.19.
Institutional Investors Weigh In On iShares Bitcoin Trust
A number of hedge funds have recently bought and sold shares of IBIT. Brevan Howard Capital Management LP bought a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth $1,385,364,000. Symmetry Investments LP grew its stake in iShares Bitcoin Trust by 3,605.8% in the fourth quarter. Symmetry Investments LP now owns 12,678,808 shares of the company's stock worth $672,611,000 after purchasing an additional 12,336,673 shares in the last quarter. Mubadala Investment Co PJSC bought a new stake in iShares Bitcoin Trust in the fourth quarter valued at about $436,895,000. D. E. Shaw & Co. Inc. raised its stake in iShares Bitcoin Trust by 344.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company's stock valued at $512,857,000 after buying an additional 7,494,123 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $378,140,000.
About iShares Bitcoin Trust
(
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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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