VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Stock Price Down 1.4%

VanEck Bitcoin Trust ETF (NYSEARCA:HODL)’s stock price traded down 1.4% on Friday . The company traded as low as $71.69 and last traded at $72.59. 163,945 shares were traded during mid-day trading, a decline of 54% from the average session volume of 352,736 shares. The stock had previously closed at $73.61.

VanEck Bitcoin Trust ETF Stock Down 1.4 %

The stock has a 50 day simple moving average of $74.09.

Hedge Funds Weigh In On VanEck Bitcoin Trust ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HODL. Jane Street Group LLC acquired a new stake in VanEck Bitcoin Trust ETF during the 1st quarter valued at $5,394,000. RPO LLC bought a new stake in shares of VanEck Bitcoin Trust ETF during the first quarter worth $673,000. Larson Financial Group LLC acquired a new stake in shares of VanEck Bitcoin Trust ETF in the first quarter valued at $198,000. Shoker Investment Counsel Inc. acquired a new stake in shares of VanEck Bitcoin Trust ETF in the first quarter valued at $4,499,000. Finally, Van ECK Associates Corp bought a new position in shares of VanEck Bitcoin Trust ETF in the first quarter valued at about $98,425,000.

VanEck Bitcoin Trust 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.