VanEck Bitcoin ETF (BATS:HODL) Shares Shorted: Short Interest Up 59.3% in September

VanEck Bitcoin ETF (BATS:HODL) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 152,468 shares, an increase of 59.3% from the August 31st total of 95,734 shares. Based on an average daily trading volume, of 958,323 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

VanEck Bitcoin ETF Stock Performance

Shares of HODL opened at $23.64 on Wednesday. VanEck Bitcoin ETF has a 12-month low of $16.40 and a 12-month high of $35.76. The stock’s 50-day moving average price is $20.71 and its 200 day moving average price is $20.10.

Institutional Trading of VanEck Bitcoin ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in VanEck Bitcoin ETF during the fourth quarter worth $5,698,000. Mason & Associates Inc acquired a new position in shares of VanEck Bitcoin ETF in the 1st quarter valued at $704,000. Syntegra Private Wealth Group LLC acquired a new position in shares of VanEck Bitcoin ETF in the 4th quarter valued at $909,000. Gradient Investments LLC lifted its holdings in shares of VanEck Bitcoin ETF by 47.6% during the 2nd quarter. Gradient Investments LLC now owns 922,374 shares of the company’s stock worth $15,321,000 after acquiring an additional 297,606 shares during the period. Finally, Meitav Investment House Ltd. lifted its holdings in shares of VanEck Bitcoin ETF by 45.0% during the 1st quarter. Meitav Investment House Ltd. now owns 167,062 shares of the company’s stock worth $3,201,000 after acquiring an additional 51,832 shares during the period.

VanEck Bitcoin 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.