Nokomis Capital L.L.C. Acquires Shares of 51,100 iShares Bitcoin Trust (NASDAQ:IBIT)

Nokomis Capital L.L.C. bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 51,100 shares of the company’s stock, valued at approximately $2,711,000. iShares Bitcoin Trust makes up approximately 1.0% of Nokomis Capital L.L.C.’s investment portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Union Savings Bank purchased a new position in iShares Bitcoin Trust during the fourth quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth $25,000. City Holding Co. increased its stake in shares of iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares during the last quarter. Stephens Consulting LLC raised its holdings in shares of iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the period. Finally, Crewe Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after acquiring an additional 302 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $59.62 on Wednesday. The company has a 50-day moving average price of $49.91 and a 200 day moving average price of $52.17. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75.

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.