iShares Bitcoin Trust ETF Target of Unusually Large Options Trading (NASDAQ:IBIT)

iShares Bitcoin Trust ETF (NASDAQ:IBIT) was the recipient of some unusual options trading on Wednesday. Traders purchased 1,076,765 call options on the company. This is an increase of 84% compared to the average daily volume of 585,891 call options.

iShares Bitcoin Trust ETF Trading Up 5.9%

Shares of NASDAQ IBIT traded up $2.17 during mid-day trading on Wednesday, reaching $38.77. 101,808,780 shares of the company’s stock were exchanged, compared to its average volume of 52,212,699. The business has a fifty day simple moving average of $35.92 and a 200 day simple moving average of $39.18. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $71.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Semmax Financial Advisors Inc. boosted its stake in iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares during the period. Marshall & Sterling Wealth Advisors Inc. lifted its holdings in shares of iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares in the last quarter. Sfam LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after buying an additional 459 shares during the period. Finally, WFA of San Diego LLC bought a new position in shares of iShares Bitcoin Trust ETF during the second quarter worth about $34,000.

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.