ARK 21Shares Bitcoin ETF (BATS:ARKB) Sees Large Decline in Short Interest

ARK 21Shares Bitcoin ETF (BATS:ARKB) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 303,347 shares, a decline of 35.6% from the June 30th total of 471,379 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,841,968 shares, the days-to-cover ratio is presently 0.2 days.

ARK 21Shares Bitcoin ETF Price Performance

ARK 21Shares Bitcoin ETF stock opened at $21.48 on Friday. The business’s fifty day simple moving average is $21.50 and its two-hundred day simple moving average is $23.77. ARK 21Shares Bitcoin ETF has a 12 month low of $19.24 and a 12 month high of $41.99.

Hedge Funds Weigh In On ARK 21Shares Bitcoin ETF

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in ARK 21Shares Bitcoin ETF in the 4th quarter worth about $31,000. Advisory Services Network LLC increased its stake in ARK 21Shares Bitcoin ETF by 2.1% during the 3rd quarter. Advisory Services Network LLC now owns 24,814 shares of the company’s stock valued at $943,000 after purchasing an additional 515 shares in the last quarter. Bank of Montreal Can increased its stake in ARK 21Shares Bitcoin ETF by 2.1% during the 4th quarter. Bank of Montreal Can now owns 26,950 shares of the company’s stock valued at $783,000 after purchasing an additional 550 shares in the last quarter. NewEdge Advisors LLC raised its holdings in ARK 21Shares Bitcoin ETF by 1.2% in the third quarter. NewEdge Advisors LLC now owns 50,605 shares of the company’s stock worth $1,924,000 after buying an additional 581 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of ARK 21Shares Bitcoin ETF by 137.3% in the fourth quarter. Comerica Bank now owns 1,006 shares of the company’s stock worth $29,000 after buying an additional 582 shares in 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.