Stock Traders Buy High Volume of Call Options on iShares Bitcoin Trust (NASDAQ:IBIT)

iShares Bitcoin Trust (NASDAQ:IBIT) saw some unusual options trading activity on Friday. Stock traders purchased 382,039 call options on the company. This represents an increase of approximately 7% compared to the typical daily volume of 356,945 call options.

Institutional Trading of iShares Bitcoin Trust

Several large investors have recently made changes to their positions in the company. Vienna Asset Management LLC boosted its holdings in iShares Bitcoin Trust by 131.6% in the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after acquiring an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth $656,000. B. Riley Wealth Advisors Inc. grew its position in iShares Bitcoin Trust by 32.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after purchasing an additional 9,266 shares during the period. Capstone Investment Advisors LLC bought a new stake in iShares Bitcoin Trust during the 3rd quarter valued at $11,507,000. Finally, Marathon Trading Investment Management LLC raised its holdings in iShares Bitcoin Trust by 238.4% during the third quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after buying an additional 54,671 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $59.62 on Friday. The company’s fifty day simple moving average is $54.88 and its 200 day simple moving average is $42.45. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75.

About iShares Bitcoin Trust

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.