iShares Bitcoin Trust ETF (NASDAQ:IBIT – Get Free Report) shares saw unusually-high trading volume on Thursday . 33,081,701 shares were traded during mid-day trading, a decline of 37% from the previous session’s volume of 52,259,094 shares.The stock last traded at $40.62 and had previously closed at $38.78.
iShares Bitcoin Trust ETF Stock Up 5.5%
The company’s fifty day simple moving average is $36.00 and its two-hundred day simple moving average is $39.11.
Hedge Funds Weigh In On iShares Bitcoin Trust ETF
A number of large investors have recently made changes to their positions in IBIT. Laurore Ltd acquired a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $436,239,000. Mubadala Investment Co PJSC increased its position in iShares Bitcoin Trust ETF by 45.6% during the fourth quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock worth $630,670,000 after acquiring an additional 3,975,351 shares during the period. Walleye Capital LLC raised its stake in iShares Bitcoin Trust ETF by 332.4% in the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock worth $165,880,000 after purchasing an additional 3,319,115 shares in the last quarter. Marshall Wace LLP raised its stake in iShares Bitcoin Trust ETF by 229.8% in the 4th quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock worth $171,181,000 after purchasing an additional 2,402,259 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in iShares Bitcoin Trust ETF by 21.5% in the 4th quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after purchasing an additional 2,374,482 shares during the period.
About iShares Bitcoin Trust ETF
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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