ARK 21Shares Bitcoin ETF (BATS:ARKB – Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,762,650 shares, an increase of 879.0% from the April 30th total of 282,180 shares. Based on an average trading volume of 1,903,057 shares, the short-interest ratio is presently 1.5 days. Approximately 2.0% of the company’s shares are short sold.
Institutional Investors Weigh In On ARK 21Shares Bitcoin ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MidFirst Bank bought a new stake in shares of ARK 21Shares Bitcoin ETF in the 4th quarter worth about $26,000. Fifth Third Bancorp acquired a new position in ARK 21Shares Bitcoin ETF during the 1st quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in ARK 21Shares Bitcoin ETF during the 4th quarter valued at about $28,000. Comerica Bank boosted its stake in ARK 21Shares Bitcoin ETF by 137.3% during the 4th quarter. Comerica Bank now owns 1,006 shares of the company’s stock valued at $29,000 after purchasing an additional 582 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of ARK 21Shares Bitcoin ETF in the 4th quarter worth approximately $31,000.
ARK 21Shares Bitcoin ETF Price Performance
Shares of ARKB stock opened at $24.84 on Thursday. ARK 21Shares Bitcoin ETF has a 52 week low of $20.66 and a 52 week high of $41.99. The company’s fifty day simple moving average is $24.73 and its 200-day simple moving average is $26.68.
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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