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

ARK 21Shares Bitcoin ETF (BATS:ARKB) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 303,347 shares, a decrease of 35.6% from the June 30th total of 471,379 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 1,841,968 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE bought a new stake in ARK 21Shares Bitcoin ETF during the fourth quarter worth about $31,000. Advisory Services Network LLC increased its stake in shares of ARK 21Shares Bitcoin ETF by 2.1% during the third quarter. Advisory Services Network LLC now owns 24,814 shares of the company’s stock valued at $943,000 after purchasing an additional 515 shares in the last quarter. Bank of Montreal Can increased its stake in shares of ARK 21Shares Bitcoin ETF by 2.1% during the fourth quarter. Bank of Montreal Can now owns 26,950 shares of the company’s stock valued at $783,000 after purchasing an additional 550 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of ARK 21Shares Bitcoin ETF by 1.2% during the third quarter. NewEdge Advisors LLC now owns 50,605 shares of the company’s stock valued at $1,924,000 after purchasing an additional 581 shares in the last quarter. Finally, Comerica Bank lifted its holdings 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 valued at $29,000 after purchasing an additional 582 shares during the last quarter.

ARK 21Shares Bitcoin ETF Trading Up 2.0%

ARKB opened at $21.48 on Friday. The stock has a fifty day simple moving average of $21.50 and a two-hundred day simple moving average of $23.77. ARK 21Shares Bitcoin ETF has a 12-month low of $19.24 and a 12-month high of $41.99.

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.