iShares Bitcoin Trust ETF Sees Unusually Large Options Volume (NASDAQ:IBIT)

iShares Bitcoin Trust ETF (NASDAQ:IBIT) was the target of some unusual options trading on Friday. Traders acquired 758,729 call options on the stock. This is an increase of 16% compared to the average volume of 656,195 call options.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock traded up $2.53 on Friday, hitting $45.83. 63,715,509 shares of the stock traded hands, compared to its average volume of 53,309,113. The business’s fifty day simple moving average is $39.70 and its 200 day simple moving average is $39.83. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82.

Institutional Trading of iShares Bitcoin Trust ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Altus USA Inc. raised its holdings in iShares Bitcoin Trust ETF by 40.4% in the second quarter. Wellington Altus USA Inc. now owns 17,968 shares of the company’s stock worth $598,000 after buying an additional 5,170 shares during the last quarter. Core Capital Management & Research inc. bought a new position in iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $185,000. Capstone Financial Advisors Inc. boosted its stake in iShares Bitcoin Trust ETF by 3.2% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 9,599 shares of the company’s stock valued at $320,000 after purchasing an additional 300 shares during the last quarter. IPG Investment Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 6.6% in the 2nd quarter. IPG Investment Advisors LLC now owns 79,512 shares of the company’s stock worth $2,647,000 after purchasing an additional 4,949 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 24.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 408,760 shares of the company’s stock worth $13,608,000 after purchasing an additional 81,152 shares in the last quarter.

iShares Bitcoin Trust ETF 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.