Longitude Cayman Ltd. boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 34.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,200 shares of the company's stock after buying an additional 36,200 shares during the quarter. iShares Bitcoin Trust accounts for approximately 1.5% of Longitude Cayman Ltd.'s portfolio, making the stock its 18th largest holding. Longitude Cayman Ltd.'s holdings in iShares Bitcoin Trust were worth $5,065,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IMC Chicago LLC acquired a new stake in iShares Bitcoin Trust during the third quarter worth approximately $323,337,000. D. E. Shaw & Co. Inc. increased its stake in iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company's stock worth $90,014,000 after buying an additional 2,486,608 shares during the period. Sculptor Capital LP increased its stake in iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company's stock worth $115,831,000 after buying an additional 2,215,107 shares during the period. Aristeia Capital L.L.C. grew its holdings in iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company's stock worth $202,806,000 after acquiring an additional 1,903,644 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in iShares Bitcoin Trust during the 2nd quarter worth $56,965,000.
iShares Bitcoin Trust Stock Performance
Shares of NASDAQ IBIT remained flat at $52.13 during midday trading on Monday. 61,026,884 shares of the stock traded hands, compared to its average volume of 32,591,605. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $53.26. The business has a fifty day simple moving average of $38.39 and a two-hundred day simple moving average of $36.78.
iShares Bitcoin Trust Company Profile
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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.
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