iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s stock price shot up 0.6% during trading on Friday . The stock traded as high as $48.65 and last traded at $48.26. 23,726,023 shares were traded during mid-day trading, a decline of 48% from the average session volume of 45,494,238 shares. The stock had previously closed at $47.96.
iShares Bitcoin Trust Trading Up 0.6 %
The firm has a fifty day moving average of $49.02 and a 200 day moving average of $50.08.
Institutional Investors Weigh In On iShares Bitcoin Trust
Institutional investors have recently added to or reduced their stakes in the stock. Brevan Howard Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at about $1,385,364,000. Symmetry Investments LP boosted its holdings in iShares Bitcoin Trust by 3,605.8% in the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company's stock worth $672,611,000 after buying an additional 12,336,673 shares during the last quarter. Mubadala Investment Co PJSC purchased a new stake in iShares Bitcoin Trust during the 4th quarter worth approximately $436,895,000. D. E. Shaw & Co. Inc. raised its holdings in shares of 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 acquiring an additional 7,494,123 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at approximately $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.
Further Reading
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