VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Trading Up 5.1% – Time to Buy?

VanEck Bitcoin Trust ETF (NYSEARCA:HODL)’s stock price shot up 5.1% on Monday . The stock traded as high as $25.12 and last traded at $24.96. 598,553 shares changed hands during trading, a decline of 48% from the average session volume of 1,159,603 shares. The stock had previously closed at $23.75.

VanEck Bitcoin Trust ETF Stock Down 1.8 %

The firm’s fifty day moving average is $26.46 and its two-hundred day moving average is $24.15.

Hedge Funds Weigh In On VanEck Bitcoin Trust ETF

Institutional investors have recently modified their holdings of the stock. Newton One Investments LLC purchased a new position in VanEck Bitcoin Trust ETF during the 4th quarter worth $35,000. Avior Wealth Management LLC raised its holdings in shares of VanEck Bitcoin Trust ETF by 136.5% during the fourth quarter. Avior Wealth Management LLC now owns 350 shares of the company’s stock worth $37,000 after purchasing an additional 202 shares during the last quarter. EnRich Financial Partners LLC boosted its stake in shares of VanEck Bitcoin Trust ETF by 27.2% in the fourth quarter. EnRich Financial Partners LLC now owns 1,413 shares of the company’s stock worth $149,000 after buying an additional 302 shares during the last quarter. Balentine LLC acquired a new stake in VanEck Bitcoin Trust ETF during the fourth quarter worth about $205,000. Finally, Sandhill Capital Partners LLC acquired a new position in shares of VanEck Bitcoin Trust ETF in the 4th quarter valued at $210,000.

VanEck Bitcoin Trust 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.