ARK 21Shares Bitcoin ETF (BATS:ARKB – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 417,649 shares, an increase of 135.4% from the September 15th total of 177,406 shares. Based on an average daily volume of 1,760,890 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are short sold.
ARK 21Shares Bitcoin ETF Stock Up 0.6%
Shares of ARK 21Shares Bitcoin ETF stock opened at $27.59 on Wednesday. The firm’s 50 day moving average is $25.57 and its 200 day moving average is $23.86. ARK 21Shares Bitcoin ETF has a 1 year low of $19.24 and a 1 year high of $38.58.
Hedge Funds Weigh In On ARK 21Shares Bitcoin ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rose Capital Advisors LLC bought a new position in ARK 21Shares Bitcoin ETF in the second quarter valued at about $701,000. Axxcess Wealth Management LLC boosted its stake in shares of ARK 21Shares Bitcoin ETF by 106.4% during the first quarter. Axxcess Wealth Management LLC now owns 47,391 shares of the company’s stock valued at $1,066,000 after purchasing an additional 24,425 shares in the last quarter. Vivaldi Capital Management LP grew its holdings in shares of ARK 21Shares Bitcoin ETF by 86.0% during the first quarter. Vivaldi Capital Management LP now owns 57,188 shares of the company’s stock worth $1,286,000 after purchasing an additional 26,438 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of ARK 21Shares Bitcoin ETF by 20.4% during the first quarter. Blue Trust Inc. now owns 196,708 shares of the company’s stock worth $4,424,000 after purchasing an additional 33,305 shares during the last quarter. Finally, Meitav Investment House Ltd. grew its holdings in shares of ARK 21Shares Bitcoin ETF by 45.2% during the first quarter. Meitav Investment House Ltd. now owns 141,822 shares of the company’s stock worth $3,190,000 after purchasing an additional 44,162 shares during the last quarter.
About ARK 21Shares Bitcoin ETF
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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