VanEck Bitcoin ETF (BATS:HODL – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 311,264 shares, an increase of 97.6% from the April 15th total of 157,531 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 1,104,494 shares, the days-to-cover ratio is presently 0.3 days.
Hedge Funds Weigh In On VanEck Bitcoin ETF
Several hedge funds have recently made changes to their positions in HODL. Wells Fargo & Company MN grew its holdings in shares of VanEck Bitcoin ETF by 100,000.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,001 shares of the company’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in VanEck Bitcoin ETF by 185.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 913 shares of the company’s stock valued at $28,000 after acquiring an additional 593 shares during the period. Wilkerson Advisory Group LLC acquired a new position in VanEck Bitcoin ETF in the 4th quarter valued at about $34,000. Bogart Wealth LLC acquired a new position in VanEck Bitcoin ETF in the 4th quarter valued at about $42,000. Finally, Highline Wealth Partners LLC acquired a new position in VanEck Bitcoin ETF in the 4th quarter valued at about $62,000.
VanEck Bitcoin ETF Stock Down 2.9%
Shares of HODL stock opened at $21.72 on Tuesday. The stock’s 50-day moving average is $20.85 and its two-hundred day moving average is $23.22. VanEck Bitcoin ETF has a 1 year low of $17.60 and a 1 year high of $35.76.
VanEck Bitcoin ETF Company Profile
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. HODL was launched on Jan 4, 2024 and is issued by VanEck.
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