VanEck Bitcoin ETF (BATS:HODL) Shares Shorted: Short Interest Up 59.3% in September

VanEck Bitcoin ETF (BATS:HODL) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 152,468 shares, a growth of 59.3% from the August 31st total of 95,734 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 958,323 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Mason & Associates Inc increased its position in shares of VanEck Bitcoin ETF by 3.2% during the 2nd quarter. Mason & Associates Inc now owns 38,637 shares of the company’s stock worth $642,000 after purchasing an additional 1,212 shares in the last quarter. IRON Financial LLC grew its stake in VanEck Bitcoin ETF by 6.1% during the first quarter. IRON Financial LLC now owns 24,679 shares of the company’s stock worth $473,000 after buying an additional 1,418 shares during the last quarter. Apollon Wealth Management LLC grew its stake in VanEck Bitcoin ETF by 6.4% during the first quarter. Apollon Wealth Management LLC now owns 24,385 shares of the company’s stock worth $467,000 after buying an additional 1,470 shares during the last quarter. Wilkerson Advisory Group LLC increased its holdings in shares of VanEck Bitcoin ETF by 112.5% during the first quarter. Wilkerson Advisory Group LLC now owns 2,951 shares of the company’s stock worth $57,000 after buying an additional 1,562 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in shares of VanEck Bitcoin ETF by 79.9% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,580 shares of the company’s stock worth $89,000 after acquiring an additional 1,590 shares in the last quarter.

VanEck Bitcoin ETF Trading Up 0.3%

HODL stock opened at $23.64 on Wednesday. VanEck Bitcoin ETF has a 1-year low of $16.40 and a 1-year high of $35.76. The business’s 50 day moving average is $20.71 and its 200-day moving average is $20.10.

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.