VanEck Bitcoin ETF (BATS:HODL) Short Interest Update

VanEck Bitcoin ETF (BATS:HODL) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 95,734 shares, a decline of 72.5% from the August 15th total of 347,583 shares. Based on an average trading volume of 2,000,743 shares, the short-interest ratio is currently 0.0 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On VanEck Bitcoin ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its stake in shares of VanEck Bitcoin ETF by 22.4% during the 4th quarter. Van ECK Associates Corp now owns 5,036,226 shares of the company’s stock worth $124,546,000 after purchasing an additional 922,199 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of VanEck Bitcoin ETF by 4,372.1% during the 4th quarter. Jane Street Group LLC now owns 1,042,305 shares of the company’s stock worth $25,776,000 after acquiring an additional 1,018,998 shares in the last quarter. Bouchey Financial Group Ltd. raised its stake in shares of VanEck Bitcoin ETF by 2.7% in the 2nd quarter. Bouchey Financial Group Ltd. now owns 983,628 shares of the company’s stock valued at $16,338,000 after acquiring an additional 26,031 shares in the last quarter. Gradient Investments LLC lifted its holdings in VanEck Bitcoin ETF by 47.6% in the 2nd quarter. Gradient Investments LLC now owns 922,374 shares of the company’s stock worth $15,321,000 after purchasing an additional 297,606 shares during the last quarter. Finally, Berger Financial Group Inc lifted its stake in VanEck Bitcoin ETF by 26.0% during the first quarter. Berger Financial Group Inc now owns 858,524 shares of the company’s stock worth $16,449,000 after purchasing an additional 177,369 shares during the period.

VanEck Bitcoin ETF Price Performance

HODL opened at $21.86 on Friday. VanEck Bitcoin ETF has a 1 year low of $16.40 and a 1 year high of $35.76. The stock has a fifty day moving average price of $19.51 and a 200 day moving average price of $19.78.

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.