iShares Bitcoin Trust Sees Unusually High Options Volume (NASDAQ:IBIT)

iShares Bitcoin Trust (NASDAQ:IBIT) was the target of unusually large options trading on Friday. Stock investors purchased 382,039 call options on the company. This is an increase of approximately 7% compared to the average daily volume of 356,945 call options.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock traded up $2.53 during mid-day trading on Friday, reaching $59.62. 70,436,318 shares of the stock traded hands, compared to its average volume of 44,819,953. The stock’s fifty day simple moving average is $54.56 and its two-hundred day simple moving average is $42.24. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $61.75.

Institutional Investors Weigh In On iShares Bitcoin Trust

A number of institutional investors have recently added to or reduced their stakes in the business. IMC Chicago LLC acquired a new position in shares of iShares Bitcoin Trust during the third quarter worth $323,337,000. Aristeia Capital L.L.C. lifted its holdings in iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after buying an additional 1,903,644 shares during the period. Sculptor Capital LP grew its position in shares of iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after buying an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after buying an additional 2,486,608 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of iShares Bitcoin Trust during the second quarter worth about $56,965,000.

About iShares Bitcoin Trust

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.