VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of VanEck Bitcoin Trust ETF (NYSEARCA:HODL) saw unusually-high trading volume on Friday . Approximately 1,665,325 shares changed hands during trading, an increase of 26% from the previous session’s volume of 1,320,124 shares.The stock last traded at $25.41 and had previously closed at $24.73.

VanEck Bitcoin Trust ETF Stock Up 3.4%

The business’s fifty day simple moving average is $26.61 and its 200-day simple moving average is $30.21.

Hedge Funds Weigh In On VanEck Bitcoin Trust ETF

Institutional investors have recently added to or reduced their stakes in the company. NEOS Investment Management LLC raised its stake in VanEck Bitcoin Trust ETF by 108.6% during the third quarter. NEOS Investment Management LLC now owns 6,032,465 shares of the company’s stock valued at $195,271,000 after purchasing an additional 3,140,191 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of VanEck Bitcoin Trust ETF by 4.3% during the third quarter. Van ECK Associates Corp now owns 4,114,027 shares of the company’s stock valued at $133,171,000 after buying an additional 170,543 shares during the last quarter. Berger Financial Group Inc grew its position in VanEck Bitcoin Trust ETF by 3.6% in the 3rd quarter. Berger Financial Group Inc now owns 644,296 shares of the company’s stock valued at $20,856,000 after acquiring an additional 22,440 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of VanEck Bitcoin Trust ETF by 15.3% in the second quarter. Tidal Investments LLC now owns 637,078 shares of the company’s stock worth $19,412,000 after purchasing an additional 84,465 shares during the last quarter. Finally, Hunting Hill Global Capital LLC increased its position in shares of VanEck Bitcoin Trust ETF by 26.5% during the third quarter. Hunting Hill Global Capital LLC now owns 505,015 shares of the company’s stock worth $16,347,000 after acquiring an additional 105,926 shares during the period.

VanEck Bitcoin Trust ETF Company Profile

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.