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

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

iShares Bitcoin Trust ETF Stock Up 2.8%

NASDAQ IBIT opened at $43.94 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82. The business’s fifty day moving average is $39.50 and its two-hundred day moving average is $49.41.

Hedge Funds Weigh In On iShares Bitcoin Trust ETF

A number of institutional investors have recently bought and sold shares of IBIT. Caprock Group LLC bought a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at $1,536,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 50.6% in the third quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock valued at $4,220,000 after buying an additional 21,815 shares during the period. Calamos Wealth Management LLC grew 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 buying an additional 22,045 shares in the last quarter. Kercheville Advisors LLC grew its position in iShares Bitcoin Trust ETF by 194.4% during the third quarter. Kercheville Advisors LLC now owns 16,853 shares of the company’s stock worth $1,095,000 after buying an additional 11,128 shares in the last quarter. Finally, Investment House LLC bought a new position in iShares Bitcoin Trust ETF during the third quarter valued at about $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.