iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) shares shot up 0.6% on Tuesday . The stock traded as high as $61.75 and last traded at $60.61. 22,034,213 shares changed hands during trading, a decline of 36% from the average session volume of 34,676,430 shares. The stock had previously closed at $60.22.
iShares Bitcoin Trust Price Performance
The stock's fifty day simple moving average is $47.00 and its 200-day simple moving average is $39.46.
Hedge Funds Weigh In On iShares Bitcoin Trust
Several hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its holdings in iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company's stock valued at $1,357,000 after purchasing an additional 9,266 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth $656,000. Franklin Resources Inc. purchased a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth about $1,107,000. Tidal Investments LLC grew its stake in iShares Bitcoin Trust by 12.4% in the 3rd quarter. Tidal Investments LLC now owns 228,354 shares of the company's stock valued at $8,250,000 after acquiring an additional 25,232 shares during the last quarter. Finally, World Investment Advisors LLC grew its stake in iShares Bitcoin Trust by 31.1% in the 3rd quarter. World Investment Advisors LLC now owns 11,888 shares of the company's stock valued at $430,000 after acquiring an additional 2,823 shares during the last quarter.
About iShares Bitcoin Trust
(
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.
Further Reading
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