ARK 21Shares Bitcoin ETF (BATS:ARKB – Get Free Report) was the recipient of a large drop in short interest during the month of 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 daily volume of 2,266,770 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.
ARK 21Shares Bitcoin ETF Price Performance
Shares of BATS ARKB opened at $25.62 on Friday. The business’s 50 day moving average is $22.88 and its two-hundred day moving average is $23.20. ARK 21Shares Bitcoin ETF has a 52-week low of $19.24 and a 52-week high of $41.99.
Institutional Investors Weigh In On ARK 21Shares Bitcoin ETF
Several institutional investors and hedge funds have recently modified their holdings of ARKB. MidFirst Bank purchased a new position in ARK 21Shares Bitcoin ETF during the 4th quarter valued at about $26,000. Fifth Third Bancorp purchased a new stake in ARK 21Shares Bitcoin ETF during the first quarter worth about $26,000. Comerica Bank lifted its position 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 stake in shares of ARK 21Shares Bitcoin ETF during the fourth quarter worth about $31,000. Finally, Harbor Investment Advisory LLC boosted its stake in shares of 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 purchasing an additional 800 shares during the period.
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.
Featured Stories
- Five stocks we like better than ARK 21Shares Bitcoin ETF
- Nasdaq’s $100 Million Kraken Bet Prepares It for a Market That Never Closes
- Copper’s Record Rally Highlights a Deeper Supply Problem
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
Receive News & Ratings for ARK 21Shares Bitcoin ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARK 21Shares Bitcoin ETF and related companies with MarketBeat.com's FREE daily email newsletter.
