iShares Bitcoin Trust ETF (NASDAQ:IBIT) Shares Gap Down – Here’s What Happened

iShares Bitcoin Trust ETF (NASDAQ:IBIT)’s share price gapped down prior to trading on Monday . The stock had previously closed at $51.55, but opened at $48.94. iShares Bitcoin Trust ETF shares last traded at $48.87, with a volume of 15,145,943 shares trading hands.

iShares Bitcoin Trust ETF Trading Up 6.5%

The stock has a fifty day simple moving average of $59.93 and a 200-day simple moving average of $62.26.

Institutional Trading of iShares Bitcoin Trust ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in shares of iShares Bitcoin Trust ETF by 80.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after buying an additional 13,731,993 shares during the last quarter. Capula Management Ltd lifted its position in iShares Bitcoin Trust ETF by 22.5% in the second quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after acquiring an additional 1,739,073 shares during the last quarter. Mubadala Investment Co PJSC boosted its stake in iShares Bitcoin Trust ETF by 6.0% in the first quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock valued at $408,510,000 after acquiring an additional 491,439 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the second quarter worth about $408,082,000. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 19.2% during 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.

iShares Bitcoin Trust ETF 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.