VanEck Bitcoin ETF (BATS:HODL – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 128,303 shares, a decrease of 64.2% from the October 15th total of 358,665 shares. Based on an average daily volume of 506,200 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.
Institutional Investors Weigh In On VanEck Bitcoin ETF
Several hedge funds have recently bought and sold shares of HODL. Berger Financial Group Inc boosted its holdings in shares of VanEck Bitcoin ETF by 54.7% during the 3rd quarter. Berger Financial Group Inc now owns 1,281,912 shares of the company’s stock worth $30,279,000 after buying an additional 453,064 shares during the period. Gradient Investments LLC grew its holdings in shares of VanEck Bitcoin ETF by 47.6% during the 2nd quarter. Gradient Investments LLC now owns 922,374 shares of the company’s stock worth $15,321,000 after purchasing an additional 297,606 shares in the last quarter. Empowered Funds LLC bought a new position in VanEck Bitcoin ETF in the 3rd quarter valued at about $5,405,000. Steward Partners Investment Advisory LLC raised its position in VanEck Bitcoin ETF by 13.1% during the third quarter. Steward Partners Investment Advisory LLC now owns 278,203 shares of the company’s stock valued at $6,571,000 after purchasing an additional 32,186 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of VanEck Bitcoin ETF by 17.8% during the 3rd quarter. First Trust Advisors LP now owns 210,985 shares of the company’s stock worth $4,983,000 after buying an additional 31,954 shares during the last quarter.
VanEck Bitcoin ETF Price Performance
Shares of BATS HODL traded down $0.71 during mid-day trading on Friday, hitting $19.45. The company had a trading volume of 585,582 shares, compared to its average volume of 1,478,284. VanEck Bitcoin ETF has a one year low of $16.40 and a one year high of $27.70. The firm has a 50-day simple moving average of $22.70 and a two-hundred day simple moving average of $20.54.
VanEck Bitcoin 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. HODL was launched on Jan 4, 2024 and is issued by VanEck.
Further Reading
- Five stocks we like better than VanEck Bitcoin ETF
- Intuitive Machines’ Business Is Taking Off—Will Its Stock Follow?
- The Next Big Thing May Not Be One Thing: Inside Lazard’s Megatrends ETF
- 3 Power and Grid Stocks That Could Keep Growing Even if AI Spending Slows
- Applied Materials Beats and Raises, But Investors Stay Unconvinced
Receive News & Ratings for VanEck Bitcoin ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Bitcoin ETF and related companies with MarketBeat.com's FREE daily email newsletter.
