VanEck Bitcoin ETF (BATS:HODL) Hits New 52-Week Low – Here’s What Happened

Shares of VanEck Bitcoin ETF (BATS:HODL) hit a new 52-week low on Wednesday . The company traded as low as $16.70 and last traded at $16.84, with a volume of 1438578 shares trading hands. The stock had previously closed at $17.62.

VanEck Bitcoin ETF Trading Down 4.2%

The stock’s fifty day simple moving average is $20.60 and its 200-day simple moving average is $21.72.

Institutional Trading of VanEck Bitcoin ETF

Several hedge funds have recently modified their holdings of HODL. Van ECK Associates Corp grew its stake in VanEck Bitcoin ETF by 22.4% during the 4th quarter. Van ECK Associates Corp now owns 5,036,226 shares of the company’s stock worth $124,546,000 after purchasing an additional 922,199 shares in the last quarter. Jane Street Group LLC grew its position in shares of VanEck Bitcoin ETF by 4,372.1% during the fourth quarter. Jane Street Group LLC now owns 1,042,305 shares of the company’s stock worth $25,776,000 after buying an additional 1,018,998 shares in the last quarter. Berger Financial Group Inc grew its position in shares of VanEck Bitcoin ETF by 26.0% during the first quarter. Berger Financial Group Inc now owns 858,524 shares of the company’s stock worth $16,449,000 after buying an additional 177,369 shares in the last quarter. Bouchey Financial Group Ltd purchased a new stake in shares of VanEck Bitcoin ETF during the fourth quarter worth approximately $16,987,000. Finally, Tidal Investments LLC increased its stake in shares of VanEck Bitcoin ETF by 15.3% during the second quarter. Tidal Investments LLC now owns 637,078 shares of the company’s stock worth $19,412,000 after buying an additional 84,465 shares during the period.

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.