Proficio Capital Partners LLC Increases Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Proficio Capital Partners LLC raised its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 87.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,805 shares of the company’s stock after purchasing an additional 62,360 shares during the quarter. Proficio Capital Partners LLC’s holdings in iShares Bitcoin Trust were worth $7,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NINE MASTS CAPITAL Ltd increased its position in shares of iShares Bitcoin Trust by 29.6% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after acquiring an additional 346,918 shares during the period. Horizon Kinetics Asset Management LLC increased its position in shares of iShares Bitcoin Trust by 11.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after acquiring an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. increased its position in shares of iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after acquiring an additional 370,000 shares during the period. Clear Street Derivatives LLC purchased a new stake in shares of iShares Bitcoin Trust during the third quarter worth $23,686,000. Finally, LMR Partners LLP increased its position in shares of iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after acquiring an additional 490,000 shares during the period.

iShares Bitcoin Trust Stock Up 5.8 %

iShares Bitcoin Trust stock opened at $48.14 on Monday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The stock’s fifty day simple moving average is $54.02 and its 200-day simple moving average is $47.78.

iShares Bitcoin Trust Company Profile

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.