iShares Bitcoin Trust ETF (NASDAQ:IBIT – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $33.41 and last traded at $33.71, with a volume of 57738499 shares traded. The stock had previously closed at $35.31.
iShares Bitcoin Trust ETF Stock Performance
The firm has a 50 day moving average of $41.33 and a 200-day moving average of $43.46.
Hedge Funds Weigh In On iShares Bitcoin Trust ETF
Hedge funds have recently modified their holdings of the stock. Morgan Stanley boosted its stake in iShares Bitcoin Trust ETF by 21.5% during the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after buying an additional 2,374,482 shares during the last quarter. Mubadala Investment Co PJSC boosted its position in shares of iShares Bitcoin Trust ETF by 45.6% during the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after acquiring an additional 3,975,351 shares during the last quarter. Laurore Ltd purchased a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at $436,239,000. Al Warda Investments RSC Ltd grew its holdings in shares of iShares Bitcoin Trust ETF by 3.2% in the fourth quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock valued at $408,059,000 after purchasing an additional 255,319 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in iShares Bitcoin Trust ETF by 19.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after purchasing an additional 1,093,183 shares during the last quarter.
About iShares Bitcoin Trust ETF
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.
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