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

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

ARK 21Shares Bitcoin ETF Trading Down 3.0%

Shares of ARK 21Shares Bitcoin ETF stock opened at $25.72 on Friday. ARK 21Shares Bitcoin ETF has a 52 week low of $19.24 and a 52 week high of $41.99. The firm’s 50 day moving average is $21.69 and its two-hundred day moving average is $22.95.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ARKB. Bank of America Corp DE acquired a new stake in ARK 21Shares Bitcoin ETF during the 4th quarter worth $31,000. NewEdge Advisors LLC boosted its stake in ARK 21Shares Bitcoin ETF by 18.4% in the first quarter. NewEdge Advisors LLC now owns 15,672 shares of the company’s stock valued at $1,288,000 after acquiring an additional 2,433 shares in the last quarter. Jump Financial LLC acquired a new position in ARK 21Shares Bitcoin ETF in the second quarter valued at $780,000. Raymond James Financial Inc. acquired a new position in ARK 21Shares Bitcoin ETF in the second quarter valued at $63,000. Finally, Vienna Asset Management LLC purchased a new position in shares of ARK 21Shares Bitcoin ETF during the second quarter worth about $219,000.

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.