Manatuck Hill Partners LLC Invests $745,000 in iShares Bitcoin Trust ETF $IBIT

Manatuck Hill Partners LLC bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,000 shares of the company’s stock, valued at approximately $745,000.

Several other hedge funds also recently made changes to their positions in IBIT. Brighton Jones LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $711,000. Bison Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $3,140,000. Royal Bank of Canada raised its position in shares of iShares Bitcoin Trust ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after purchasing an additional 2,148 shares during the period. Jones Financial Companies Lllp raised its position in shares of iShares Bitcoin Trust ETF by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after purchasing an additional 1,760 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth $357,000.

iShares Bitcoin Trust ETF Stock Down 2.2%

Shares of IBIT stock opened at $36.36 on Thursday. iShares Bitcoin Trust ETF has a fifty-two week low of $33.48 and a fifty-two week high of $71.82. The stock’s 50-day moving average is $41.71 and its two-hundred day moving average is $43.90.

iShares Bitcoin Trust ETF 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.