iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s stock price traded down 1.6% during trading on Tuesday . The stock traded as low as $55.94 and last traded at $56.65. 15,647,343 shares were traded during trading, a decline of 67% from the average session volume of 47,777,387 shares. The stock had previously closed at $57.58.
iShares Bitcoin Trust Trading Down 1.4 %
The business has a fifty day simple moving average of $56.35 and a 200 day simple moving average of $44.55.
Institutional Investors Weigh In On iShares Bitcoin Trust
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $323,337,000. Proficio Capital Partners LLC lifted its position in iShares Bitcoin Trust by 6,401.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company's stock valued at $246,430,000 after acquiring an additional 4,573,794 shares during the last quarter. Clear Street Derivatives LLC acquired a new position in iShares Bitcoin Trust in the third quarter valued at $23,686,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of iShares Bitcoin Trust during the third quarter worth about $19,149,000. Finally, LMR Partners LLP increased its position in shares of iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company's stock worth $22,762,000 after purchasing an additional 490,000 shares in the last quarter.
iShares Bitcoin Trust Company Profile
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Get Free Report)
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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