272 Capital LP Has $481,000 Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

272 Capital LP reduced its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 22.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,100 shares of the company’s stock after selling 4,000 shares during the period. 272 Capital LP’s holdings in iShares Bitcoin Trust were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FinTrust Capital Advisors LLC acquired a new position in shares of iShares Bitcoin Trust during the first quarter worth $26,000. Glass Jacobson Investment Advisors llc bought a new position in iShares Bitcoin Trust in the second quarter valued at about $26,000. Sound Income Strategies LLC acquired a new stake in shares of iShares Bitcoin Trust during the first quarter valued at about $30,000. Creekmur Asset Management LLC bought a new stake in shares of iShares Bitcoin Trust during the first quarter worth about $30,000. Finally, International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust in the second quarter valued at approximately $31,000.

iShares Bitcoin Trust Trading Up 0.7 %

NASDAQ:IBIT opened at $36.04 on Tuesday. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $41.99. The firm’s 50 day simple moving average is $34.70 and its 200 day simple moving average is $36.37.

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.