VanEck Onchain Economy ETF (BATS:NODE) Sees Large Growth in Short Interest

VanEck Onchain Economy ETF (BATS:NODE) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 42,789 shares, an increase of 638.6% from the October 15th total of 5,793 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average trading volume of 28,864 shares, the days-to-cover ratio is currently 1.5 days.

VanEck Onchain Economy ETF Trading Down 1.9%

Shares of NODE stock opened at $29.50 on Wednesday. VanEck Onchain Economy ETF has a twelve month low of $26.43 and a twelve month high of $54.32. The stock has a market cap of $50.15 million and a P/E ratio of 16.80. The stock has a 50 day moving average of $36.53 and a 200 day moving average of $38.57.

Hedge Funds Weigh In On VanEck Onchain Economy ETF

Several institutional investors have recently made changes to their positions in the company. SBE LLC DBA Cedar Cove Wealth Partners purchased a new position in shares of VanEck Onchain Economy ETF during the 3rd quarter valued at approximately $7,008,000. Ethic Inc. purchased a new stake in VanEck Onchain Economy ETF during the third quarter worth $2,949,000. Riversedge Advisors LLC purchased a new stake in VanEck Onchain Economy ETF during the third quarter worth $2,715,000. Echo45 Advisors LLC acquired a new stake in VanEck Onchain Economy ETF during the third quarter valued at $1,969,000. Finally, HighTower Advisors LLC grew its position in VanEck Onchain Economy ETF by 92.2% during the third quarter. HighTower Advisors LLC now owns 40,686 shares of the company’s stock valued at $1,591,000 after buying an additional 19,512 shares during the period.

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.