iShares Bitcoin Trust (NASDAQ:IBIT) Trading Down 0.5% – Here’s What Happened

Shares of iShares Bitcoin Trust (NASDAQ:IBIT) traded down 0.5% during trading on Monday . The stock traded as low as $46.34 and last traded at $47.31. 10,296,379 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 44,614,367 shares. The stock had previously closed at $47.56.

iShares Bitcoin Trust Stock Performance

The business has a 50-day moving average price of $52.64 and a two-hundred day moving average price of $48.90.

Institutional Investors Weigh In On iShares Bitcoin Trust

Hedge funds have recently bought and sold shares of the stock. Union Savings Bank acquired a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at $25,000. City Holding Co. lifted its holdings in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC lifted its stake in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC boosted its holdings in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares in the last quarter.

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.