Shares of iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) fell 4.3% during mid-day trading on Tuesday . The company traded as low as $55.20 and last traded at $55.69. 24,585,041 shares were traded during trading, a decline of 29% from the average session volume of 34,660,066 shares. The stock had previously closed at $58.17.
iShares Bitcoin Trust Price Performance
The business's 50 day moving average is $52.34 and its 200 day moving average is $41.23.
Institutional Investors Weigh In On iShares Bitcoin Trust
Hedge funds have recently bought and sold shares of the business. Vienna Asset Management LLC increased its holdings 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 valued at $963,000 after purchasing an additional 15,137 shares during the period. Garden State Investment Advisory Services LLC acquired a new position in iShares Bitcoin Trust in the 3rd quarter valued at approximately $656,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company's stock valued at $1,357,000 after buying an additional 9,266 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $11,507,000. Finally, Marathon Trading Investment Management LLC grew its holdings in shares of iShares Bitcoin Trust by 238.4% during the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company's stock valued at $2,804,000 after acquiring an additional 54,671 shares in the last quarter.
iShares Bitcoin Trust Company Profile
(
Get Free Report)
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.
Further Reading
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