VanEck Bitcoin ETF (BATS:HODL) Stock Short Interest Declines 64.2%

VanEck Bitcoin ETF (BATS:HODL) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 128,303 shares, a decline of 64.2% from the October 15th total of 358,665 shares. Based on an average daily trading volume, of 506,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

VanEck Bitcoin ETF Stock Down 3.5%

Shares of BATS:HODL traded down $0.71 during midday trading on Friday, reaching $19.45. The company’s stock had a trading volume of 585,582 shares, compared to its average volume of 1,478,284. The firm has a 50 day moving average of $22.70 and a 200-day moving average of $20.54. VanEck Bitcoin ETF has a 12-month low of $16.40 and a 12-month high of $27.70.

Institutional Investors Weigh In On VanEck Bitcoin ETF

Hedge funds have recently bought and sold shares of the business. Berger Financial Group Inc grew its holdings in VanEck Bitcoin ETF by 54.7% in the third quarter. Berger Financial Group Inc now owns 1,281,912 shares of the company’s stock worth $30,279,000 after purchasing an additional 453,064 shares during the period. Bouchey Financial Group Ltd. increased its stake in shares of VanEck Bitcoin ETF by 2.3% during the third quarter. Bouchey Financial Group Ltd. now owns 1,006,608 shares of the company’s stock valued at $23,776,000 after purchasing an additional 22,980 shares in the last quarter. Gradient Investments LLC lifted its holdings in shares of VanEck Bitcoin ETF by 47.6% during the second quarter. Gradient Investments LLC now owns 922,374 shares of the company’s stock valued at $15,321,000 after purchasing an additional 297,606 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of VanEck Bitcoin ETF by 3.6% during the first quarter. Assetmark Inc. now owns 626,385 shares of the company’s stock valued at $12,002,000 after purchasing an additional 22,036 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of 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 during the last quarter.

About VanEck Bitcoin ETF

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.