iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report)’s share price shot up 4.8% during mid-day trading on Monday . The stock traded as high as $60.74 and last traded at $60.69. 22,891,135 shares traded hands during trading, a decline of 34% from the average session volume of 34,562,520 shares. The stock had previously closed at $57.91.
iShares Bitcoin Trust Stock Up 4.0 %
The company’s 50 day simple moving average is $46.52 and its 200 day simple moving average is $39.31.
Institutional Investors Weigh In On iShares Bitcoin Trust
A number of institutional investors have recently bought and sold shares of IBIT. Vienna Asset Management LLC raised its position in shares of iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after buying an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC acquired a new position in shares of iShares Bitcoin Trust during the 3rd quarter valued at $656,000. Capstone Investment Advisors LLC purchased a new stake in iShares Bitcoin Trust during the 3rd quarter worth $11,507,000. Marathon Trading Investment Management LLC increased its holdings in iShares Bitcoin Trust by 238.4% in the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock valued at $2,804,000 after purchasing an additional 54,671 shares in the last quarter. Finally, Paragon Advisors LLC raised its position in iShares Bitcoin Trust by 54.8% in the third quarter. Paragon Advisors LLC now owns 458,111 shares of the company’s stock valued at $16,552,000 after purchasing an additional 162,178 shares during the period.
About iShares Bitcoin Trust
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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