iShares Bitcoin Trust (NASDAQ:IBIT) Stock Price Up 4.1% – Here’s What Happened

iShares Bitcoin Trust (NASDAQ:IBIT)’s stock price were up 4.1% on Monday . The stock traded as high as $58.43 and last traded at $58.25. Approximately 22,772,903 shares changed hands during trading, a decline of 27% from the average daily volume of 31,276,016 shares. The stock had previously closed at $55.96.

iShares Bitcoin Trust Stock Performance

The business has a 50-day moving average price of $52.61 and a 200 day moving average price of $41.36.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. IMC Chicago LLC acquired a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at $323,337,000. D. E. Shaw & Co. Inc. lifted its stake in iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after buying an additional 2,486,608 shares during the period. Sculptor Capital LP grew its holdings 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 valued at $115,831,000 after purchasing an additional 2,215,107 shares during the period. Aristeia Capital L.L.C. increased its holdings in shares of iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after acquiring an additional 1,903,644 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in iShares Bitcoin Trust in the 2nd quarter valued at $56,965,000.

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.