Stock Traders Buy Large Volume of iShares Bitcoin Trust Call Options (NASDAQ:IBIT)

iShares Bitcoin Trust (NASDAQ:IBIT) saw some unusual options trading activity on Thursday. Stock investors purchased 533,447 call options on the company. This is an increase of approximately 28% compared to the typical volume of 418,362 call options.

Institutional Investors Weigh In On iShares Bitcoin Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust in the fourth quarter worth approximately $25,000. Union Savings Bank bought a new stake in iShares Bitcoin Trust in the fourth quarter worth $25,000. City Holding Co. increased its position in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC raised its holdings in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after buying an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC boosted its stake in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares in the last quarter.

iShares Bitcoin Trust Trading Up 1.8 %

Shares of NASDAQ:IBIT opened at $58.66 on Friday. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75. The business has a fifty day simple moving average of $49.60 and a 200 day simple moving average of $51.79.

iShares Bitcoin Trust 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.