iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $36.32, but opened at $35.59. iShares Bitcoin Trust shares last traded at $35.29, with a volume of 4,650,551 shares trading hands.
iShares Bitcoin Trust Price Performance
The business has a 50 day moving average price of $37.17.
Institutional Trading of iShares Bitcoin Trust
Several hedge funds and other institutional investors have recently bought and sold shares of IBIT. Sound Income Strategies LLC purchased a new position in iShares Bitcoin Trust in the 1st quarter worth $30,000. Bfsg LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $41,000. Salem Investment Counselors Inc. purchased a new position in shares of iShares Bitcoin Trust in the first quarter worth about $41,000. Bogart Wealth LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter valued at about $55,000. Finally, Lindbrook Capital LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter valued at about $81,000.
iShares Bitcoin Trust Company Profile
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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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