VanEck Onchain Economy ETF (BATS:NODE) Shares Down 8.1% – Time to Sell?

Shares of VanEck Onchain Economy ETF (BATS:NODE) fell 8.1% during mid-day trading on Thursday. The company traded as low as $26.43 and last traded at $27.75. Approximately 22,375 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 16,638 shares. The stock had previously closed at $30.18.

VanEck Onchain Economy ETF Price Performance

The business has a 50 day simple moving average of $37.08 and a 200-day simple moving average of $38.73.

Institutional Investors Weigh In On VanEck Onchain Economy ETF

Several large investors have recently added to or reduced their stakes in the business. Ethic Inc. bought a new stake in VanEck Onchain Economy ETF during the third quarter valued at approximately $2,949,000. IFP Advisors Inc purchased a new position in VanEck Onchain Economy ETF in the 3rd quarter worth approximately $106,000. SBE LLC DBA Cedar Cove Wealth Partners purchased a new position in VanEck Onchain Economy ETF in the 3rd quarter worth approximately $7,008,000. MinichMacGregor Wealth Management LLC bought a new position in shares of VanEck Onchain Economy ETF in the 3rd quarter worth $222,000. Finally, Steel Grove Capital Advisors LLC increased its holdings in shares of VanEck Onchain Economy ETF by 3.9% in the 3rd quarter. Steel Grove Capital Advisors LLC now owns 13,220 shares of the company’s stock worth $517,000 after buying an additional 500 shares during the last quarter.

About VanEck Onchain Economy ETF

The Vaneck Funds – Onchain Economy ETF (NODE) is an exchange-traded fund that trades on the BATS exchange in the United States.