iShares Bitcoin Trust ETF (NASDAQ:IBIT – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $41.20, but opened at $43.67. iShares Bitcoin Trust ETF shares last traded at $43.89, with a volume of 38,166,066 shares traded.
iShares Bitcoin Trust ETF Trading Up 5.7%
The stock’s fifty day simple moving average is $36.10 and its 200-day simple moving average is $39.07.
Hedge Funds Weigh In On iShares Bitcoin Trust ETF
Large investors have recently made changes to their positions in the business. Morgan Stanley increased its position in iShares Bitcoin Trust ETF by 21.5% in the 4th quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock worth $667,329,000 after buying 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. Al Warda Investments RSC Ltd grew 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 worth $408,059,000 after acquiring an additional 255,319 shares during the last quarter. Schonfeld Strategic Advisors LLC grew 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 worth $440,856,000 after acquiring an additional 1,093,183 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of iShares Bitcoin Trust ETF by 16.4% in the fourth quarter. Macquarie Group Ltd. now owns 5,126,143 shares of the company’s stock worth $254,513,000 after acquiring an additional 721,351 shares during 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.
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