VanEck Onchain Economy ETF (BATS:NODE) Sees Large Increase in Short Interest

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 trading volume, of 28,864 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of VanEck Onchain Economy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBE LLC DBA Cedar Cove Wealth Partners bought a new stake in shares of VanEck Onchain Economy ETF during the 3rd quarter worth about $7,008,000. Ethic Inc. bought a new stake in shares of VanEck Onchain Economy ETF during the 3rd quarter worth approximately $2,949,000. Riversedge Advisors LLC acquired a new stake in shares of VanEck Onchain Economy ETF in the 3rd quarter valued at $2,715,000. Echo45 Advisors LLC acquired a new stake in VanEck Onchain Economy ETF in the third quarter valued at about $1,969,000. Finally, HighTower Advisors LLC grew its holdings in shares of VanEck Onchain Economy ETF by 92.2% during the 3rd quarter. HighTower Advisors LLC now owns 40,686 shares of the company’s stock valued at $1,591,000 after purchasing an additional 19,512 shares during the last quarter.

VanEck Onchain Economy ETF Stock Performance

Shares of NODE opened at $30.80 on Thursday. The firm’s 50 day moving average price is $36.40 and its two-hundred day moving average price is $38.53. The firm has a market cap of $52.36 million and a P/E ratio of 16.80. VanEck Onchain Economy ETF has a twelve month low of $26.43 and a twelve month high of $54.32.

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.