Investors Buy Large Volume of iShares Bitcoin Trust Call Options (NASDAQ:IBIT)

iShares Bitcoin Trust (NASDAQ:IBIT) saw some unusual options trading on Friday. Traders acquired 382,039 call options on the company. This represents an increase of approximately 7% compared to the typical daily volume of 356,945 call options.

iShares Bitcoin Trust Stock Up 4.4 %

Shares of NASDAQ:IBIT opened at $59.62 on Friday. The business’s 50 day moving average is $54.88 and its 200 day moving average is $42.45. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75.

Hedge Funds Weigh In On iShares Bitcoin Trust

A number of hedge funds have recently bought and sold shares of IBIT. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at about $25,000. Glass Jacobson Investment Advisors llc purchased a new stake in iShares Bitcoin Trust in the 2nd quarter valued at about $26,000. City Holding Co. lifted its position in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares in the last quarter. Asset Dedication LLC boosted its stake in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares during the last quarter. Finally, PSI Advisors LLC bought a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at approximately $30,000.

About iShares Bitcoin Trust

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.