ARK 21Shares Bitcoin ETF (BATS:ARKB – Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $26.65 and traded as high as $26.76. ARK 21Shares Bitcoin ETF shares last traded at $26.75, with a volume of 1,115,802 shares trading hands.
ARK 21Shares Bitcoin ETF Price Performance
The stock’s 50 day simple moving average is $26.65 and its 200 day simple moving average is $24.40.
Hedge Funds Weigh In On ARK 21Shares Bitcoin ETF
Several institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in shares of ARK 21Shares Bitcoin ETF in the 1st quarter worth $26,000. William Mack & Associates Inc. purchased a new position in ARK 21Shares Bitcoin ETF during the 3rd quarter worth $50,000. Harbor Investment Advisory LLC grew its stake in ARK 21Shares Bitcoin ETF by 52.3% during the 1st quarter. Harbor Investment Advisory LLC now owns 2,330 shares of the company’s stock worth $52,000 after buying an additional 800 shares during the last quarter. Royal Bank of Canada increased its position in ARK 21Shares Bitcoin ETF by 10,733.3% during the 1st quarter. Royal Bank of Canada now owns 2,600 shares of the company’s stock valued at $58,000 after buying an additional 2,576 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in ARK 21Shares Bitcoin ETF during the 2nd quarter valued at about $63,000.
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. ARKB was launched on Jan 10, 2024 and is issued by ARK.
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