iShares Bitcoin Trust ETF (NASDAQ:IBIT – Get Free Report)’s stock price hit a new 52-week low on Friday . The company traded as low as $34.01 and last traded at $34.11, with a volume of 41171677 shares. The stock had previously closed at $36.02.
iShares Bitcoin Trust ETF Trading Down 6.3%
The stock’s fifty day moving average is $42.16 and its two-hundred day moving average is $44.82.
Hedge Funds Weigh In On iShares Bitcoin Trust ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Laurore Ltd purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $436,239,000. Mubadala Investment Co PJSC lifted its position in iShares Bitcoin Trust ETF by 45.6% in the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock worth $630,670,000 after buying an additional 3,975,351 shares in the last quarter. Walleye Capital LLC lifted its position 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 buying an additional 3,319,115 shares in the last quarter. 59 North Capital Management LP purchased a new stake in iShares Bitcoin Trust ETF in the 3rd quarter worth approximately $169,100,000. Finally, Marshall Wace LLP lifted its position 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 buying an additional 2,402,259 shares in the last quarter.
iShares Bitcoin Trust ETF 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.
See Also
- Five stocks we like better than iShares Bitcoin Trust ETF
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for iShares Bitcoin Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
