iShares Bitcoin Trust (NASDAQ:IBIT – Get Free Report) shares shot up 0.8% during mid-day trading on Wednesday . The company traded as high as $48.98 and last traded at $48.69. 10,517,087 shares traded hands during trading, a decline of 76% from the average session volume of 44,058,324 shares. The stock had previously closed at $48.30.
iShares Bitcoin Trust Trading Up 2.4 %
The company has a fifty day moving average price of $51.69 and a 200 day moving average price of $49.08.
Hedge Funds Weigh In On iShares Bitcoin Trust
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in shares of iShares Bitcoin Trust by 27.0% during the 4th quarter. Millennium Management LLC now owns 29,850,198 shares of the company’s stock worth $1,583,553,000 after acquiring an additional 6,352,197 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in iShares Bitcoin Trust during the fourth quarter valued at about $1,385,364,000. Symmetry Investments LP lifted its stake in iShares Bitcoin Trust by 3,605.8% during the fourth quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock worth $672,611,000 after purchasing an additional 12,336,673 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of iShares Bitcoin Trust by 344.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock worth $512,857,000 after purchasing an additional 7,494,123 shares in the last quarter. Finally, Capula Management Ltd increased its position in shares of iShares Bitcoin Trust by 8.7% during the 4th quarter. Capula Management Ltd now owns 9,268,886 shares of the company’s stock valued at $491,714,000 after purchasing an additional 743,930 shares during the last quarter.
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.
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