ARK 21Shares Bitcoin ETF (BATS:ARKB – Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as $19.91 and last traded at $19.97, with a volume of 1532237 shares changing hands. The stock had previously closed at $21.08.
ARK 21Shares Bitcoin ETF Price Performance
The firm has a 50-day moving average of $24.65 and a 200 day moving average of $26.23.
Hedge Funds Weigh In On ARK 21Shares Bitcoin ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARKB. Galaxy Digital Inc. bought a new position in ARK 21Shares Bitcoin ETF during the 1st quarter valued at $116,089,000. Intesa Sanpaolo S.p.A. bought a new position in ARK 21Shares Bitcoin ETF during the 4th quarter valued at $72,597,000. Schonfeld Strategic Advisors LLC boosted its stake in ARK 21Shares Bitcoin ETF by 19.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 4,768,707 shares of the company’s stock valued at $138,483,000 after purchasing an additional 782,428 shares in the last quarter. ARK Investment Management LLC boosted its stake in ARK 21Shares Bitcoin ETF by 8.7% during the 4th quarter. ARK Investment Management LLC now owns 6,871,505 shares of the company’s stock valued at $199,549,000 after purchasing an additional 548,789 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in ARK 21Shares Bitcoin ETF by 8.9% during the 4th quarter. Millennium Management LLC now owns 4,314,138 shares of the company’s stock valued at $125,283,000 after purchasing an additional 354,014 shares in the last quarter.
ARK 21Shares Bitcoin ETF Company Profile
The ARK 21Shares Bitcoin ETF Ben of Int (ARKB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, seeking to track the daily USD spot price of Bitcoin (BTC) through a buy-and-hold strategy focused on long-term BTC holdings. An investment in the fund is not a direct investment in Bitcoin. ARKB was launched on Jan 10, 2024 and is issued by ARK.
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