Shares of iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) fell 0.2% during mid-day trading on Thursday . The company traded as low as $52.65 and last traded at $53.09. 11,914,254 shares traded hands during trading, a decline of 74% from the average session volume of 45,890,059 shares. The stock had previously closed at $53.20.
iShares Bitcoin Trust Stock Performance
The business has a 50-day moving average price of $48.79 and a 200-day moving average price of $50.68.
Hedge Funds Weigh In On iShares Bitcoin Trust
A number of large investors have recently added to or reduced their stakes in IBIT. Mather Group LLC. raised its position in shares of iShares Bitcoin Trust by 164.2% during the 1st quarter. Mather Group LLC. now owns 605 shares of the company's stock worth $28,000 after purchasing an additional 376 shares during the last quarter. Heritage Investment Group Inc. purchased a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $555,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust during the first quarter valued at approximately $30,000. Saxon Interests Inc. purchased a new position in shares of iShares Bitcoin Trust in the first quarter valued at approximately $409,000. Finally, Koshinski Asset Management Inc. boosted its stake in shares of iShares Bitcoin Trust by 7.0% in the first quarter. Koshinski Asset Management Inc. now owns 8,629 shares of the company's stock worth $404,000 after acquiring an additional 562 shares during the last quarter.
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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