VanEck Onchain Economy ETF (BATS:NODE) Shares Shorted: Short Interest Up 638.6% in October

VanEck Onchain Economy ETF (BATS:NODE) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 42,789 shares, a growth of 638.6% from the October 15th total of 5,793 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 28,864 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. SBE LLC DBA Cedar Cove Wealth Partners purchased a new stake in VanEck Onchain Economy ETF during the 3rd quarter valued at $7,008,000. Ethic Inc. purchased a new position in shares of VanEck Onchain Economy ETF in the third quarter valued at about $2,949,000. Riversedge Advisors LLC purchased a new position in shares of VanEck Onchain Economy ETF in the third quarter valued at about $2,715,000. Echo45 Advisors LLC purchased a new position in shares of VanEck Onchain Economy ETF in the third quarter valued at about $1,969,000. Finally, HighTower Advisors LLC raised its stake in shares of VanEck Onchain Economy ETF by 92.2% during the third quarter. HighTower Advisors LLC now owns 40,686 shares of the company’s stock valued at $1,591,000 after acquiring an additional 19,512 shares during the last quarter.

VanEck Onchain Economy ETF Stock Performance

Shares of NODE stock opened at $29.97 on Friday. VanEck Onchain Economy ETF has a fifty-two week low of $26.43 and a fifty-two week high of $54.32. The stock has a 50 day moving average price of $36.25 and a two-hundred day moving average price of $38.48. The company has a market capitalization of $50.95 million and a P/E ratio of 16.80.

About VanEck Onchain Economy ETF

The Vaneck Funds – Onchain Economy ETF (NODE) is an exchange-traded fund that trades on the BATS exchange in the United States.