Shares of iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) traded up 0.8% during mid-day trading on Wednesday . The stock traded as high as $48.26 and last traded at $48.13. 7,505,077 shares were traded during mid-day trading, a decline of 84% from the average session volume of 45,504,496 shares. The stock had previously closed at $47.74.
iShares Bitcoin Trust Trading Up 0.6 %
The stock has a 50-day moving average of $49.02 and a 200 day moving average of $49.97.
Institutional Investors Weigh In On iShares Bitcoin Trust
Hedge funds have recently made changes to their positions in the business. Brevan Howard Capital Management LP bought a new stake in iShares Bitcoin Trust in the fourth quarter worth about $1,385,364,000. Symmetry Investments LP increased its stake in shares of iShares Bitcoin Trust by 3,605.8% during the 4th 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 during the last quarter. Mubadala Investment Co PJSC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $436,895,000. D. E. Shaw & Co. Inc. lifted its stake in iShares Bitcoin Trust by 344.8% in 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 purchasing an additional 7,494,123 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new position in iShares Bitcoin Trust during the fourth quarter valued at $378,140,000.
iShares Bitcoin Trust Company Profile
(
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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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