ARK 21Shares Bitcoin ETF (BATS:ARKB) Sees Significant Growth in Short Interest

ARK 21Shares Bitcoin ETF (BATS:ARKB) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 526,723 shares, a growth of 97.7% from the July 30th total of 266,386 shares. Based on an average trading volume of 1,472,847 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

ARK 21Shares Bitcoin ETF Trading Down 3.0%

Shares of BATS ARKB opened at $25.72 on Friday. ARK 21Shares Bitcoin ETF has a 12-month low of $19.24 and a 12-month high of $41.99. The business’s fifty day simple moving average is $21.69 and its 200-day simple moving average is $22.95.

Institutional Investors Weigh In On ARK 21Shares Bitcoin ETF

A number of hedge funds have recently bought and sold shares of ARKB. MidFirst Bank purchased a new stake in shares of ARK 21Shares Bitcoin ETF during the fourth quarter worth approximately $26,000. Fifth Third Bancorp purchased a new stake in shares of ARK 21Shares Bitcoin ETF during the 1st quarter worth $26,000. Comerica Bank grew its stake in shares of ARK 21Shares Bitcoin ETF by 137.3% during the fourth quarter. Comerica Bank now owns 1,006 shares of the company’s stock worth $29,000 after purchasing an additional 582 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of ARK 21Shares Bitcoin ETF during the fourth quarter worth $31,000. Finally, Harbor Investment Advisory LLC increased its holdings in ARK 21Shares Bitcoin ETF by 52.3% in the first quarter. Harbor Investment Advisory LLC now owns 2,330 shares of the company’s stock valued at $52,000 after buying an additional 800 shares during the last quarter.

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.