Shares of iShares Bitcoin Trust (NYSEARCA:IBIT – Get Free Report) were down 4.5% on Monday . The stock traded as low as $53.67 and last traded at $53.92. Approximately 56,022,980 shares traded hands during trading, an increase of 67% from the average daily volume of 33,521,727 shares. The stock had previously closed at $56.49.
iShares Bitcoin Trust Trading Down 4.4 %
The company’s 50-day moving average price is $40.49 and its 200 day moving average price is $37.45.
About iShares Bitcoin Trust
The Defiance Daily Short Digitizing the Economy ETF (IBIT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds that provides daily inverse (-1x) exposure to the Amplify Transformational Data Sharing ETF (BLOK). IBIT was launched on Sep 7, 2022 and is managed by Defiance.
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