iShares Bitcoin Trust (NASDAQ:IBIT) Shares Gap Down to $32.98

iShares Bitcoin Trust (NASDAQ:IBIT)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $32.98, but opened at $32.10. iShares Bitcoin Trust shares last traded at $32.07, with a volume of 4,972,716 shares traded.

iShares Bitcoin Trust Stock Performance

The company has a 50 day moving average price of $34.72 and a 200 day moving average price of $36.30.

Institutional Trading of iShares Bitcoin Trust

Several large investors have recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new position in shares of iShares Bitcoin Trust during the 1st quarter worth $26,000. Glass Jacobson Investment Advisors llc acquired a new stake in shares of iShares Bitcoin Trust in the second quarter valued at approximately $26,000. Sound Income Strategies LLC purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $30,000. Creekmur Asset Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $30,000. Finally, International Assets Investment Management LLC purchased a new stake in iShares Bitcoin Trust in the 2nd quarter valued at approximately $31,000.

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.