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

iShares Bitcoin Trust ETF (NASDAQ:IBIT) saw some unusual options trading on Friday. Stock traders acquired 1,036,560 call options on the stock. This is an increase of approximately 44% compared to the typical daily volume of 718,901 call options.

iShares Bitcoin Trust ETF Trading Up 2.8%

Shares of NASDAQ IBIT traded up $1.21 during trading hours on Friday, hitting $43.94. The stock had a trading volume of 79,886,364 shares, compared to its average volume of 64,122,625. The firm’s 50-day moving average price is $39.42 and its two-hundred day moving average price is $49.55. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82.

Institutional Investors Weigh In On iShares Bitcoin Trust ETF

Large investors have recently made changes to their positions in the company. Caprock Group LLC bought a new stake in iShares Bitcoin Trust ETF during the third quarter worth approximately $1,536,000. Kingstone Capital Partners Texas LLC boosted its position in iShares Bitcoin Trust ETF by 50.6% during the third quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock worth $4,220,000 after purchasing an additional 21,815 shares during the period. Calamos Wealth Management LLC boosted its position in iShares Bitcoin Trust ETF by 81.0% during the third quarter. Calamos Wealth Management LLC now owns 49,258 shares of the company’s stock worth $3,202,000 after purchasing an additional 22,045 shares during the period. Kercheville Advisors LLC boosted its position in shares of iShares Bitcoin Trust ETF by 194.4% in the third quarter. Kercheville Advisors LLC now owns 16,853 shares of the company’s stock valued at $1,095,000 after acquiring an additional 11,128 shares during the period. Finally, Investment House LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the third quarter valued at approximately $800,000.

About iShares Bitcoin Trust ETF

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.