Investors Purchase Large Volume of Call Options on iShares Bitcoin Trust ETF (NASDAQ:IBIT)

iShares Bitcoin Trust ETF (NASDAQ:IBIT) was the target of some unusual options trading on Thursday. Stock traders purchased 829,061 call options on the company. This represents an increase of 31% compared to the average volume of 630,557 call options.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock traded up $2.55 during mid-day trading on Thursday, hitting $46.34. 78,966,626 shares of the company were exchanged, compared to its average volume of 53,571,520. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82. The business has a fifty day moving average of $37.59 and a 200 day moving average of $39.35.

Institutional Investors Weigh In On iShares Bitcoin Trust ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. McIlrath & Eck LLC raised its holdings in iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the period. Vivaldi Capital Management LP lifted its holdings in shares of iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after purchasing an additional 163 shares in the last quarter. Channel Wealth LLC grew its position in shares of iShares Bitcoin Trust ETF by 5.7% in the 4th quarter. Channel Wealth LLC now owns 4,293 shares of the company’s stock valued at $213,000 after purchasing an additional 233 shares during the period. TD Waterhouse Canada Inc. increased its stake in iShares Bitcoin Trust ETF by 3.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 7,015 shares of the company’s stock worth $238,000 after purchasing an additional 243 shares in the last quarter. Finally, Retirement Planning Group LLC lifted its stake in iShares Bitcoin Trust ETF by 2.0% in the first quarter. Retirement Planning Group LLC now owns 12,783 shares of the company’s stock valued at $491,000 after buying an additional 245 shares in the last quarter.

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.