Short Interest in ARK 21Shares Bitcoin ETF (BATS:ARKB) Declines By 84.3%

ARK 21Shares Bitcoin ETF (BATS:ARKB) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 432,687 shares, a decrease of 84.3% from the May 14th total of 2,762,650 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 1,731,914 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On ARK 21Shares Bitcoin ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of ARKB. Bank of America Corp DE purchased a new position in ARK 21Shares Bitcoin ETF in the 4th quarter valued at $31,000. NewEdge Advisors LLC boosted its position in shares of ARK 21Shares Bitcoin ETF by 18.4% during the 1st quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock worth $1,288,000 after purchasing an additional 2,433 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of ARK 21Shares Bitcoin ETF during the 2nd quarter worth $780,000. Raymond James Financial Inc. purchased a new stake in shares of ARK 21Shares Bitcoin ETF during the 2nd quarter worth $63,000. Finally, Vienna Asset Management LLC purchased a new stake in shares of ARK 21Shares Bitcoin ETF during the 2nd quarter worth $219,000.

ARK 21Shares Bitcoin ETF Trading Down 2.1%

Shares of ARK 21Shares Bitcoin ETF stock opened at $20.58 on Wednesday. The firm’s 50 day moving average is $24.52 and its two-hundred day moving average is $26.02. ARK 21Shares Bitcoin ETF has a 52 week low of $19.61 and a 52 week high of $41.99.

ARK 21Shares Bitcoin ETF Company Profile

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.