ARK 21Shares Bitcoin ETF (BATS:ARKB) Reaches New 1-Year Low – Here’s What Happened

ARK 21Shares Bitcoin ETF (BATS:ARKB)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $19.58 and last traded at $19.72, with a volume of 2320905 shares changing hands. The stock had previously closed at $20.68.

ARK 21Shares Bitcoin ETF Stock Performance

The stock’s 50-day moving average is $24.16 and its 200-day moving average is $25.44.

Institutional Investors Weigh In On ARK 21Shares Bitcoin ETF

Several hedge funds have recently made changes to their positions in ARKB. BIP Wealth LLC acquired a new stake in shares of ARK 21Shares Bitcoin ETF in the fourth quarter worth approximately $4,056,000. Elequin Capital LP increased its position in ARK 21Shares Bitcoin ETF by 28.7% during the third quarter. Elequin Capital LP now owns 361,524 shares of the company’s stock worth $13,745,000 after purchasing an additional 80,694 shares during the last quarter. Blue Trust Inc. increased its position in ARK 21Shares Bitcoin ETF by 26.1% during the fourth quarter. Blue Trust Inc. now owns 163,403 shares of the company’s stock worth $4,745,000 after purchasing an additional 33,872 shares during the last quarter. Bayshore Capital Advisors LLC purchased a new position in ARK 21Shares Bitcoin ETF during the fourth quarter worth approximately $2,904,000. Finally, EverSource Wealth Advisors LLC raised its stake in ARK 21Shares Bitcoin ETF by 82.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 75,227 shares of the company’s stock worth $2,185,000 after purchasing an additional 33,968 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.