iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $33.95, but opened at $34.94. iShares Bitcoin Trust shares last traded at $34.99, with a volume of 1,695,331 shares changing hands.
iShares Bitcoin Trust Stock Performance
The company's fifty day moving average is $34.22 and its 200-day moving average is $36.11.
Hedge Funds Weigh In On iShares Bitcoin Trust
Institutional investors and hedge funds have recently bought and sold shares of the business. Aristeia Capital L.L.C. raised 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 purchasing an additional 1,903,644 shares during the last quarter. Sculptor Capital LP boosted its position 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 acquiring an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position 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 acquiring an additional 2,486,608 shares during the last quarter. Bracebridge Capital LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $100,639,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $56,965,000.
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.
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