Short Interest in VanEck Bitcoin ETF (BATS:HODL) Drops By 72.5%

VanEck Bitcoin ETF (BATS:HODL) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 95,734 shares, a decrease of 72.5% from the August 15th total of 347,583 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 2,000,743 shares, the short-interest ratio is currently 0.0 days.

VanEck Bitcoin ETF Stock Up 1.0%

HODL stock opened at $22.09 on Monday. VanEck Bitcoin ETF has a fifty-two week low of $16.40 and a fifty-two week high of $35.76. The firm’s 50-day simple moving average is $19.51 and its 200 day simple moving average is $19.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in shares of VanEck Bitcoin ETF by 22.4% in the fourth quarter. Van ECK Associates Corp now owns 5,036,226 shares of the company’s stock valued at $124,546,000 after purchasing an additional 922,199 shares during the period. Jane Street Group LLC boosted its position in shares of VanEck Bitcoin ETF by 4,372.1% during the fourth quarter. Jane Street Group LLC now owns 1,042,305 shares of the company’s stock worth $25,776,000 after buying an additional 1,018,998 shares during the period. Bouchey Financial Group Ltd. boosted its position in shares of VanEck Bitcoin ETF by 2.7% during the second quarter. Bouchey Financial Group Ltd. now owns 983,628 shares of the company’s stock worth $16,338,000 after buying an additional 26,031 shares during the period. Gradient Investments LLC grew its holdings in VanEck Bitcoin ETF by 47.6% in the 2nd quarter. Gradient Investments LLC now owns 922,374 shares of the company’s stock worth $15,321,000 after buying an additional 297,606 shares in the last quarter. Finally, Berger Financial Group Inc grew its holdings in VanEck Bitcoin ETF by 26.0% in the 1st quarter. Berger Financial Group Inc now owns 858,524 shares of the company’s stock worth $16,449,000 after buying an additional 177,369 shares in the last quarter.

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.