Renaissance Technologies LLC Reduces Position in VanEck Bitcoin ETF $HODL

Renaissance Technologies LLC trimmed its position in shares of VanEck Bitcoin ETF (BATS:HODL) by 75.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 38,800 shares of the company’s stock after selling 120,300 shares during the quarter. Renaissance Technologies LLC’s holdings in VanEck Bitcoin ETF were worth $743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in VanEck Bitcoin ETF by 4,372.1% in the fourth quarter. Jane Street Group LLC now owns 1,042,305 shares of the company’s stock worth $25,776,000 after purchasing an additional 1,018,998 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of VanEck Bitcoin ETF by 22.4% during the fourth quarter. Van ECK Associates Corp now owns 5,036,226 shares of the company’s stock valued at $124,546,000 after buying an additional 922,199 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of VanEck Bitcoin ETF during the fourth quarter valued at approximately $5,698,000. Berger Financial Group Inc raised its holdings in shares of VanEck Bitcoin ETF by 26.0% in the first quarter. Berger Financial Group Inc now owns 858,524 shares of the company’s stock worth $16,449,000 after buying an additional 177,369 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of VanEck Bitcoin ETF by 97.7% in the second quarter. NewEdge Advisors LLC now owns 255,928 shares of the company’s stock worth $7,798,000 after buying an additional 126,483 shares during the period.

VanEck Bitcoin ETF Price Performance

Shares of HODL stock opened at $17.78 on Friday. VanEck Bitcoin ETF has a 52-week low of $16.40 and a 52-week high of $35.76. The stock has a 50 day moving average price of $17.91 and a 200 day moving average price of $19.71.

VanEck Bitcoin ETF Company Profile

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.