ARK 21Shares Bitcoin ETF (BATS:ARKB – Get Free Report) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 3,270,573 shares, a growth of 898.7% from the October 15th total of 327,490 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average trading volume of 1,551,981 shares, the short-interest ratio is currently 2.1 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MSH Capital Advisors LLC purchased a new stake in shares of ARK 21Shares Bitcoin ETF in the third quarter worth about $250,000. Allworth Financial LP increased its stake in ARK 21Shares Bitcoin ETF by 6.6% in the 3rd quarter. Allworth Financial LP now owns 6,963 shares of the company’s stock worth $193,000 after acquiring an additional 432 shares during the last quarter. StoneX Group Inc. bought a new stake in ARK 21Shares Bitcoin ETF in the 3rd quarter worth approximately $273,000. Provenance Wealth Advisors LLC bought a new stake in ARK 21Shares Bitcoin ETF in the 3rd quarter worth approximately $46,000. Finally, Global View Capital Management LLC purchased a new stake in shares of ARK 21Shares Bitcoin ETF during the 3rd quarter worth approximately $867,000.
ARK 21Shares Bitcoin ETF Trading Up 1.3%
Shares of BATS ARKB opened at $24.72 on Thursday. The firm’s fifty day moving average is $26.75 and its two-hundred day moving average is $24.12. ARK 21Shares Bitcoin ETF has a 52-week low of $19.24 and a 52-week high of $34.84.
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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