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

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

ARK 21Shares Bitcoin ETF Price Performance

Shares of BATS ARKB opened at $20.52 on Thursday. ARK 21Shares Bitcoin ETF has a 12-month low of $19.61 and a 12-month high of $41.99. The stock’s 50 day simple moving average is $24.49 and its 200 day simple moving average is $25.96.

Institutional Trading of ARK 21Shares Bitcoin ETF

Several hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC lifted its holdings in shares of ARK 21Shares Bitcoin ETF by 8.7% in the 4th quarter. ARK Investment Management LLC now owns 6,871,505 shares of the company’s stock worth $199,549,000 after purchasing an additional 548,789 shares during the last quarter. Galaxy Digital Inc. bought a new stake in ARK 21Shares Bitcoin ETF during the 1st quarter valued at $116,089,000. Schonfeld Strategic Advisors LLC raised its stake in ARK 21Shares Bitcoin ETF by 19.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 4,768,707 shares of the company’s stock valued at $138,483,000 after acquiring an additional 782,428 shares in the last quarter. Millennium Management LLC raised its stake in ARK 21Shares Bitcoin ETF by 8.9% during the 4th quarter. Millennium Management LLC now owns 4,314,138 shares of the company’s stock valued at $125,283,000 after acquiring an additional 354,014 shares in the last quarter. Finally, Intesa Sanpaolo S.p.A. bought a new stake in ARK 21Shares Bitcoin ETF during the 4th quarter valued at $72,597,000.

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.