ARK 21Shares Bitcoin ETF (BATS:ARKB – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $26.65 and traded as high as $26.76. ARK 21Shares Bitcoin ETF shares last traded at $26.75, with a volume of 1,115,802 shares changing hands.
ARK 21Shares Bitcoin ETF Trading Down 1.0%
The company has a fifty day moving average of $26.84 and a 200-day moving average of $24.37.
Hedge Funds Weigh In On ARK 21Shares Bitcoin ETF
Hedge funds have recently bought and sold shares of the company. Rose Capital Advisors LLC purchased a new position in shares of ARK 21Shares Bitcoin ETF in the 2nd quarter worth approximately $701,000. Axxcess Wealth Management LLC increased its position 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 acquiring an additional 24,425 shares during the last quarter. Vivaldi Capital Management LP increased its position 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 valued at $1,286,000 after acquiring an additional 26,438 shares during the last quarter. Meitav Investment House Ltd. increased its position 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 valued at $3,190,000 after acquiring an additional 44,162 shares during the last quarter. Finally, Broadhurst Jeffrey B purchased a new stake in shares of ARK 21Shares Bitcoin ETF during the first quarter valued at approximately $598,000.
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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