VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Sees Strong Trading Volume – Still a Buy?

VanEck Bitcoin Trust ETF (NYSEARCA:HODL) shares saw an uptick in trading volume on Tuesday . 2,501,925 shares changed hands during trading, an increase of 106% from the previous session’s volume of 1,214,307 shares.The stock last traded at $24.61 and had previously closed at $25.21.

VanEck Bitcoin Trust ETF Stock Performance

The company’s 50 day moving average is $30.42 and its 200-day moving average is $31.11.

Institutional Investors Weigh In On VanEck Bitcoin Trust ETF

Several institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in VanEck Bitcoin Trust ETF by 76.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 925 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares during the period. Sandhill Capital Partners LLC lifted its stake in shares of VanEck Bitcoin Trust ETF by 5.8% during the 3rd quarter. Sandhill Capital Partners LLC now owns 8,416 shares of the company’s stock worth $272,000 after purchasing an additional 460 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in VanEck Bitcoin Trust ETF by 185.3% during the second quarter. EverSource Wealth Advisors LLC now owns 913 shares of the company’s stock valued at $28,000 after purchasing an additional 593 shares in the last quarter. Clear Investment Research LLC grew its stake in VanEck Bitcoin Trust ETF by 34.4% in the third quarter. Clear Investment Research LLC now owns 2,537 shares of the company’s stock valued at $82,000 after purchasing an additional 650 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of VanEck Bitcoin Trust ETF by 13.2% during the 2nd quarter. Parallel Advisors LLC now owns 6,650 shares of the company’s stock worth $203,000 after acquiring an additional 775 shares in the last quarter.

About VanEck Bitcoin Trust ETF

The VanEck Bitcoin Trust (HODL) is an exchange-traded fund that is based on the MarketVector Bitcoin Benchmark Rate index. The fund provides passive exposure to the price of Bitcoin through the purchase of shares, allowing investors to track the performance of Bitcoin without directly owning and managing the digital currency.