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

iShares Bitcoin Trust ETF (NASDAQ:IBIT) saw unusually large options trading activity on Wednesday. Stock investors acquired 1,076,765 call options on the stock. This is an increase of 84% compared to the typical volume of 585,891 call options.

iShares Bitcoin Trust ETF Stock Performance

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

Institutional Investors Weigh In On iShares Bitcoin Trust ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth about $711,000. Bison Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $3,140,000. Royal Bank of Canada raised its stake in shares of iShares Bitcoin Trust ETF by 3.6% during the 1st 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 in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after buying an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $357,000.

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.