ARK 21Shares Bitcoin ETF (BATS:ARKB) Short Interest Down 68.2% in August

ARK 21Shares Bitcoin ETF (BATS:ARKB) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 167,584 shares, a drop of 68.2% from the August 15th total of 526,723 shares. Based on an average trading volume of 2,266,770 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of ARK 21Shares Bitcoin ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE purchased a new position in ARK 21Shares Bitcoin ETF during the fourth quarter worth about $31,000. Beacon Financial Advisory LLC boosted its holdings in ARK 21Shares Bitcoin ETF by 2.2% in the 2nd quarter. Beacon Financial Advisory LLC now owns 21,257 shares of the company’s stock valued at $414,000 after purchasing an additional 449 shares in the last quarter. Advisory Services Network LLC increased its position in ARK 21Shares Bitcoin ETF by 2.1% during the 3rd quarter. Advisory Services Network LLC now owns 24,814 shares of the company’s stock worth $943,000 after purchasing an additional 515 shares during the period. Bank of Montreal Can increased its position in ARK 21Shares Bitcoin ETF by 2.1% during the 4th quarter. Bank of Montreal Can now owns 26,950 shares of the company’s stock worth $783,000 after purchasing an additional 550 shares during the period. Finally, One Charles Private Wealth Services LLC raised its stake in shares of ARK 21Shares Bitcoin ETF by 0.7% during the 2nd quarter. One Charles Private Wealth Services LLC now owns 88,282 shares of the company’s stock worth $1,718,000 after buying an additional 575 shares in the last quarter.

ARK 21Shares Bitcoin ETF Stock Performance

BATS ARKB opened at $25.62 on Monday. ARK 21Shares Bitcoin ETF has a 1 year low of $19.24 and a 1 year high of $41.99. The company has a fifty day moving average of $22.88 and a two-hundred day moving average of $23.21.

ARK 21Shares Bitcoin ETF Company Profile

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.