iShares Bitcoin Trust ETF (NASDAQ:IBIT – Get Free Report) was the target of some unusual options trading on Thursday. Traders purchased 829,061 call options on the company. This represents an increase of approximately 31% compared to the average daily volume of 630,557 call options.
iShares Bitcoin Trust ETF Trading Up 5.8%
Shares of iShares Bitcoin Trust ETF stock traded up $2.55 during trading on Thursday, hitting $46.34. The stock had a trading volume of 78,966,626 shares, compared to its average volume of 53,571,520. The business has a fifty day moving average of $37.59 and a two-hundred day moving average of $39.35. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.82.
Institutional Investors Weigh In On iShares Bitcoin Trust ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principia Wealth Advisory LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 388.9% in the second quarter. Principia Wealth Advisory LLC now owns 59,798 shares of the company’s stock worth $1,992,000 after buying an additional 47,567 shares during the last quarter. Affinity Wealth LLC lifted its position in shares of iShares Bitcoin Trust ETF by 21.1% during the 2nd quarter. Affinity Wealth LLC now owns 108,123 shares of the company’s stock worth $3,599,000 after purchasing an additional 18,836 shares during the last quarter. HighTower Advisors LLC boosted its stake in iShares Bitcoin Trust ETF by 1.9% during the 2nd quarter. HighTower Advisors LLC now owns 1,349,658 shares of the company’s stock valued at $44,930,000 after purchasing an additional 24,674 shares during the period. Kingsbury Capital Investment Advisors LLC increased its position in iShares Bitcoin Trust ETF by 89.7% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 16,197 shares of the company’s stock worth $539,000 after buying an additional 7,661 shares during the period. Finally, DMC Group LLC bought a new position in iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $264,000.
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.
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