Nokomis Capital L.L.C. Purchases Shares of 51,100 iShares Bitcoin Trust (NASDAQ:IBIT)

Nokomis Capital L.L.C. bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 51,100 shares of the company's stock, valued at approximately $2,711,000. iShares Bitcoin Trust makes up about 1.0% of Nokomis Capital L.L.C.'s holdings, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter valued at $25,000. City Holding Co. boosted its position in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company's stock valued at $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC lifted its holdings in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after acquiring an additional 302 shares during the period.

iShares Bitcoin Trust Stock Up 0.6%

Shares of NASDAQ IBIT traded up $0.38 during trading on Monday, hitting $59.58. The company had a trading volume of 23,199,901 shares, compared to its average volume of 44,433,078. The stock has a 50 day simple moving average of $50.61 and a 200 day simple moving average of $52.64. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.

iShares Bitcoin Trust 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.