Parallax Volatility Advisers L.P. Grows Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Parallax Volatility Advisers L.P. grew its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 127.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 660,000 shares of the company’s stock after acquiring an additional 370,000 shares during the quarter. Parallax Volatility Advisers L.P. owned 0.10% of iShares Bitcoin Trust worth $23,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Garden State Investment Advisory Services LLC purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $656,000. Capstone Investment Advisors LLC purchased a new stake in iShares Bitcoin Trust during the third quarter worth about $11,507,000. Marathon Trading Investment Management LLC raised its position in iShares Bitcoin Trust by 238.4% in the third quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after acquiring an additional 54,671 shares during the period. Paragon Advisors LLC boosted its stake in iShares Bitcoin Trust by 54.8% in the third quarter. Paragon Advisors LLC now owns 458,111 shares of the company’s stock valued at $16,552,000 after acquiring an additional 162,178 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of iShares Bitcoin Trust by 117.9% during the 3rd quarter. Private Advisor Group LLC now owns 335,820 shares of the company’s stock valued at $12,133,000 after acquiring an additional 181,700 shares during the period.

iShares Bitcoin Trust Stock Down 0.0 %

NASDAQ:IBIT opened at $54.46 on Wednesday. The firm’s 50 day moving average is $43.18 and its 200 day moving average is $38.33. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $56.86.

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.