iShares Bitcoin Trust (NASDAQ:IBIT) Trading 0.1% Higher – Here’s What Happened

iShares Bitcoin Trust (NASDAQ:IBIT)’s share price were up 0.1% during mid-day trading on Thursday . The company traded as high as $56.32 and last traded at $55.36. Approximately 9,950,501 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 46,639,473 shares. The stock had previously closed at $55.33.

iShares Bitcoin Trust Stock Down 1.0 %

The company has a 50 day moving average of $56.36 and a 200-day moving average of $44.62.

Hedge Funds Weigh In On iShares Bitcoin Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Union Savings Bank bought a new position in iShares Bitcoin Trust in the 4th quarter worth $25,000. City Holding Co. increased its position in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC raised its stake in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares in the last quarter. Crewe Advisors LLC lifted its holdings in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares during the period. Finally, Beacon Capital Management LLC bought a new stake in iShares Bitcoin Trust during the 4th quarter valued at approximately $28,000.

iShares Bitcoin Trust Company Profile

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.