Traynor Capital Management Inc. Has $4.22 Million Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Traynor Capital Management Inc. raised its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,450 shares of the company’s stock after acquiring an additional 2,283 shares during the period. Traynor Capital Management Inc.’s holdings in iShares Bitcoin Trust were worth $4,215,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. IMC Chicago LLC bought a new position in iShares Bitcoin Trust during the third quarter worth about $323,337,000. Sculptor Capital LP raised its stake in iShares Bitcoin Trust by 188.1% during the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after acquiring an additional 2,215,107 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of iShares Bitcoin Trust by 1,657.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after purchasing an additional 2,486,608 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of iShares Bitcoin Trust in the 2nd quarter worth about $56,965,000. Finally, Murchinson Ltd. increased its position in shares of iShares Bitcoin Trust by 87.1% during the 2nd quarter. Murchinson Ltd. now owns 1,642,535 shares of the company’s stock worth $56,076,000 after purchasing an additional 764,575 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $59.38 on Thursday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $61.75. The company’s 50-day moving average price is $55.27 and its two-hundred day moving average price is $42.89.

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.