iShares Bitcoin Trust ETF Target of Unusually High Options Trading (NASDAQ:IBIT)

iShares Bitcoin Trust ETF (NASDAQ:IBIT) saw some unusual options trading on Friday. Traders acquired 1,036,560 call options on the stock. This is an increase of 44% compared to the typical volume of 718,901 call options.

iShares Bitcoin Trust ETF Stock Up 2.8%

Shares of IBIT traded up $1.21 during mid-day trading on Friday, hitting $43.94. The company’s stock had a trading volume of 79,886,364 shares, compared to its average volume of 64,122,625. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The stock’s 50-day moving average is $39.42 and its two-hundred day moving average is $49.55.

Institutional Investors Weigh In On iShares Bitcoin Trust ETF

Several hedge funds have recently modified their holdings of the business. Morgan Stanley boosted its position in shares of iShares Bitcoin Trust ETF by 21.5% in the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after acquiring an additional 2,374,482 shares during the period. Mubadala Investment Co PJSC boosted its position in shares of iShares Bitcoin Trust ETF by 45.6% in the fourth quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after acquiring an additional 3,975,351 shares during the period. Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $436,239,000. Al Warda Investments RSC Ltd raised its stake in shares of iShares Bitcoin Trust ETF by 3.2% in the fourth quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock valued at $408,059,000 after purchasing an additional 255,319 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of iShares Bitcoin Trust ETF by 19.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after purchasing an additional 1,093,183 shares in the last quarter.

About iShares Bitcoin Trust ETF

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.