ARK 21Shares Bitcoin ETF (BATS:ARKB – Get Free Report) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 282,180 shares, a decline of 86.7% from the April 15th total of 2,117,633 shares. Based on an average daily volume of 2,057,599 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.
Hedge Funds Weigh In On ARK 21Shares Bitcoin ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Grant Street Asset Management Inc. acquired a new position in ARK 21Shares Bitcoin ETF in the first quarter valued at $202,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in ARK 21Shares Bitcoin ETF by 45.2% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,110 shares of the company’s stock valued at $115,000 after buying an additional 1,591 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in ARK 21Shares Bitcoin ETF by 44.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,715 shares of the company’s stock valued at $376,000 after buying an additional 5,142 shares during the period. HBW Advisory Services LLC raised its holdings in shares of ARK 21Shares Bitcoin ETF by 33.0% during the first quarter. HBW Advisory Services LLC now owns 53,975 shares of the company’s stock valued at $1,214,000 after purchasing an additional 13,405 shares during the period. Finally, Citizens Financial Group Inc. RI raised its holdings in shares of ARK 21Shares Bitcoin ETF by 16.3% during the first quarter. Citizens Financial Group Inc. RI now owns 32,073 shares of the company’s stock valued at $721,000 after purchasing an additional 4,500 shares during the period.
ARK 21Shares Bitcoin ETF Price Performance
Shares of ARK 21Shares Bitcoin ETF stock opened at $27.19 on Tuesday. ARK 21Shares Bitcoin ETF has a twelve month low of $20.66 and a twelve month high of $41.99. The company’s fifty day moving average is $24.13 and its 200 day moving average is $27.53.
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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