iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s stock price rose 4.3% during mid-day trading on Wednesday . The company traded as high as $57.47 and last traded at $57.24. Approximately 16,095,460 shares changed hands during trading, a decline of 53% from the average daily volume of 34,441,281 shares. The stock had previously closed at $54.90.
iShares Bitcoin Trust Stock Performance
The stock's 50 day simple moving average is $45.16 and its 200-day simple moving average is $38.92.
Institutional Trading of iShares Bitcoin Trust
Institutional investors and hedge funds have recently bought and sold shares of the business. Glass Jacobson Investment Advisors llc purchased a new stake in iShares Bitcoin Trust during the second quarter worth about $26,000. Asset Dedication LLC grew its position in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company's stock worth $29,000 after buying an additional 279 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust during the second quarter worth about $31,000. Hantz Financial Services Inc. acquired a new position in shares of iShares Bitcoin Trust during the second quarter worth about $36,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of iShares Bitcoin Trust during the second quarter worth about $40,000.
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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