VanEck Bitcoin ETF (BATS:HODL) Short Interest Up 97.6% in April

VanEck Bitcoin ETF (BATS:HODL) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 311,264 shares, an increase of 97.6% from the April 15th total of 157,531 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 1,104,494 shares, the short-interest ratio is presently 0.3 days.

VanEck Bitcoin ETF Stock Performance

VanEck Bitcoin ETF stock opened at $22.36 on Monday. The stock’s fifty day moving average is $20.82 and its two-hundred day moving average is $23.30. VanEck Bitcoin ETF has a 1-year low of $17.60 and a 1-year high of $35.76.

Institutional Investors Weigh In On VanEck Bitcoin ETF

Several institutional investors have recently added to or reduced their stakes in HODL. Farther Finance Advisors LLC increased its stake in VanEck Bitcoin ETF by 15.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,348 shares of the company’s stock valued at $83,000 after purchasing an additional 449 shares during the last quarter. Sandhill Capital Partners LLC grew its position in shares of VanEck Bitcoin ETF by 5.8% in the 3rd quarter. Sandhill Capital Partners LLC now owns 8,416 shares of the company’s stock valued at $272,000 after buying an additional 460 shares during the last quarter. Samalin Investment Counsel LLC grew its position in shares of VanEck Bitcoin ETF by 2.2% in the 4th quarter. Samalin Investment Counsel LLC now owns 24,479 shares of the company’s stock valued at $605,000 after buying an additional 521 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in VanEck Bitcoin ETF by 185.3% in the second quarter. EverSource Wealth Advisors LLC now owns 913 shares of the company’s stock valued at $28,000 after acquiring an additional 593 shares during the last quarter. Finally, Clear Investment Research LLC boosted its stake in VanEck Bitcoin ETF by 34.4% in the third quarter. Clear Investment Research LLC now owns 2,537 shares of the company’s stock valued at $82,000 after acquiring an additional 650 shares in the last quarter.

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.