ARK 21Shares Bitcoin ETF (BATS:ARKB) Stock Price Up 3.9% – Still a Buy?

ARK 21Shares Bitcoin ETF (BATS:ARKB) shares were up 3.9% on Tuesday . The stock traded as high as $102.51 and last traded at $102.08. Approximately 1,323,020 shares were traded during mid-day trading, The stock had previously closed at $98.24.

ARK 21Shares Bitcoin ETF Stock Performance

The stock’s 50 day simple moving average is $93.08 and its 200 day simple moving average is $72.83.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ARKB. Sanctuary Wealth Management L.L.C. grew its position in ARK 21Shares Bitcoin ETF by 43,300.0% during the third quarter. Sanctuary Wealth Management L.L.C. now owns 434 shares of the company’s stock valued at $28,000 after buying an additional 433 shares during the period. Hollencrest Capital Management purchased a new position in ARK 21Shares Bitcoin ETF in the third quarter valued at about $102,000. Blue Trust Inc. grew its position in shares of ARK 21Shares Bitcoin ETF by 96.3% during the 3rd quarter. Blue Trust Inc. now owns 2,730 shares of the company’s stock valued at $164,000 after acquiring an additional 1,339 shares during the period. United Asset Strategies Inc. purchased a new stake in shares of ARK 21Shares Bitcoin ETF during the 3rd quarter worth approximately $244,000. Finally, Surience Private Wealth LLC bought a new stake in shares of ARK 21Shares Bitcoin ETF in the 3rd quarter worth approximately $264,000.

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.