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

iShares Bitcoin Trust ETF (NASDAQ:IBIT) was the target of some unusual options trading activity on Friday. Traders purchased 758,729 call options on the stock. This represents an increase of approximately 16% compared to the average volume of 656,195 call options.

iShares Bitcoin Trust ETF Stock Up 5.8%

iShares Bitcoin Trust ETF stock traded up $2.53 during midday trading on Friday, reaching $45.83. 63,715,509 shares of the company traded hands, compared to its average volume of 53,309,113. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $71.82. The business has a 50 day moving average of $39.70 and a two-hundred day moving average of $39.83.

Institutional Trading of iShares Bitcoin Trust ETF

Several large investors have recently modified their holdings of IBIT. Wellington Altus USA Inc. grew its stake in shares of iShares Bitcoin Trust ETF by 40.4% during the 2nd quarter. Wellington Altus USA Inc. now owns 17,968 shares of the company’s stock valued at $598,000 after purchasing an additional 5,170 shares during the period. Core Capital Management & Research inc. bought a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $185,000. Capstone Financial Advisors Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 3.2% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 9,599 shares of the company’s stock worth $320,000 after purchasing an additional 300 shares during the period. IPG Investment Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 6.6% in the second quarter. IPG Investment Advisors LLC now owns 79,512 shares of the company’s stock worth $2,647,000 after buying an additional 4,949 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in iShares Bitcoin Trust ETF by 24.8% during the second quarter. Integrated Wealth Concepts LLC now owns 408,760 shares of the company’s stock valued at $13,608,000 after buying an additional 81,152 shares during the period.

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.