iShares Bitcoin Trust (NASDAQ:IBIT - Get Free Report) was the recipient of some unusual options trading on Friday. Stock investors acquired 699,559 call options on the stock. This represents an increase of 61% compared to the average daily volume of 433,275 call options.
Institutional Investors Weigh In On iShares Bitcoin Trust
Several large investors have recently bought and sold shares of the business. MBL Wealth LLC increased its holdings in iShares Bitcoin Trust by 75.7% in the 1st quarter. MBL Wealth LLC now owns 8,286 shares of the company's stock worth $388,000 after buying an additional 3,569 shares in the last quarter. McAdam LLC increased its holdings in iShares Bitcoin Trust by 21.9% in the 1st quarter. McAdam LLC now owns 7,280 shares of the company's stock worth $341,000 after buying an additional 1,307 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in iShares Bitcoin Trust by 9.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 16,063 shares of the company's stock worth $752,000 after buying an additional 1,382 shares in the last quarter. Focus Partners Wealth grew its stake in shares of iShares Bitcoin Trust by 17.6% during the 1st quarter. Focus Partners Wealth now owns 75,095 shares of the company's stock valued at $3,515,000 after purchasing an additional 11,257 shares during the period. Finally, Flaharty Asset Management LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at about $121,000.
iShares Bitcoin Trust Trading Up 2.3%
NASDAQ IBIT opened at $63.23 on Friday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $63.70. The stock has a 50-day moving average of $51.75 and a 200 day moving average of $53.08.
About iShares Bitcoin Trust
(
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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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