VanEck Bitcoin ETF (BATS:HODL) Short Interest Update

VanEck Bitcoin ETF (BATS:HODL) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 311,264 shares, an increase of 97.6% from the April 15th total of 157,531 shares. Based on an average daily volume of 1,104,494 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the shares of the stock are short sold.

VanEck Bitcoin ETF Stock Down 2.9%

Shares of HODL opened at $22.36 on Friday. VanEck Bitcoin ETF has a 12-month low of $17.60 and a 12-month high of $35.76. The business has a 50-day simple moving average of $20.82 and a two-hundred day simple moving average of $23.35.

Hedge Funds Weigh In On VanEck Bitcoin ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its holdings in VanEck Bitcoin ETF by 71.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 65,158 shares of the company’s stock worth $2,094,000 after purchasing an additional 27,077 shares in the last quarter. Addison Capital Co acquired a new position in VanEck Bitcoin ETF in the 4th quarter worth about $2,749,000. Assetmark Inc. increased its holdings in VanEck Bitcoin ETF by 180.9% in the 3rd quarter. Assetmark Inc. now owns 321,988 shares of the company’s stock worth $10,423,000 after purchasing an additional 207,350 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in VanEck Bitcoin ETF by 28.9% in the 3rd quarter. Meitav Investment House Ltd. now owns 93,191 shares of the company’s stock worth $3,017,000 after purchasing an additional 20,880 shares in the last quarter. Finally, Berger Financial Group Inc increased its holdings in VanEck Bitcoin ETF by 5.7% in the 4th quarter. Berger Financial Group Inc now owns 681,155 shares of the company’s stock worth $16,845,000 after purchasing an additional 36,859 shares in 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.