iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report)'s stock price were down 2% during mid-day trading on Tuesday . The company traded as low as $35.25 and last traded at $35.29. Approximately 1,853,518 shares changed hands during trading, a decline of 95% from the average daily volume of 34,919,750 shares. The stock had previously closed at $36.00.
iShares Bitcoin Trust Stock Down 2.6 %
The firm has a 50 day simple moving average of $37.62.
Hedge Funds Weigh In On iShares Bitcoin Trust
A number of hedge funds have recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $26,000. Sound Income Strategies LLC bought a new stake in shares of iShares Bitcoin Trust in the first quarter worth $30,000. Hazlett Burt & Watson Inc. purchased a new stake in iShares Bitcoin Trust during the first quarter valued at $40,000. Bfsg LLC bought a new position in iShares Bitcoin Trust in the first quarter valued at about $41,000. Finally, Salem Investment Counselors Inc. purchased a new position in iShares Bitcoin Trust in the first quarter worth about $41,000.
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.
Further Reading
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