ARK 21Shares Bitcoin ETF (BATS:ARKB – Get Free Report) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 3,270,573 shares, an increase of 898.7% from the October 15th total of 327,490 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,551,981 shares, the days-to-cover ratio is currently 2.1 days.
Institutional Investors Weigh In On ARK 21Shares Bitcoin ETF
A number of large investors have recently added to or reduced their stakes in ARKB. MSH Capital Advisors LLC bought a new stake in ARK 21Shares Bitcoin ETF during the third quarter worth about $250,000. Allworth Financial LP boosted its stake in ARK 21Shares Bitcoin ETF by 6.6% in the third quarter. Allworth Financial LP now owns 6,963 shares of the company’s stock worth $193,000 after buying an additional 432 shares in the last quarter. StoneX Group Inc. bought a new position in ARK 21Shares Bitcoin ETF during the third quarter valued at approximately $273,000. Provenance Wealth Advisors LLC purchased a new position in shares of ARK 21Shares Bitcoin ETF during the third quarter worth approximately $46,000. Finally, Global View Capital Management LLC purchased a new position in shares of ARK 21Shares Bitcoin ETF during the third quarter worth approximately $867,000.
ARK 21Shares Bitcoin ETF Stock Down 4.3%
BATS ARKB opened at $23.65 on Friday. ARK 21Shares Bitcoin ETF has a 52-week low of $19.24 and a 52-week high of $34.35. The company has a fifty day moving average of $26.71 and a 200-day moving average of $24.09.
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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