VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Shares Up 5.1% – Time to Buy?

VanEck Bitcoin Trust ETF (NYSEARCA:HODLGet Free Report)’s share price shot up 5.1% during trading on Monday . The stock traded as high as $25.12 and last traded at $24.96. 598,553 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 1,159,603 shares. The stock had previously closed at $23.75.

VanEck Bitcoin Trust ETF Trading Up 5.1 %

The company has a 50-day moving average of $26.50 and a 200-day moving average of $24.08.

Institutional Investors Weigh In On VanEck Bitcoin Trust ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in shares of VanEck Bitcoin Trust ETF by 41.6% during the third quarter. Larson Financial Group LLC now owns 3,494 shares of the company’s stock worth $251,000 after purchasing an additional 1,027 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in VanEck Bitcoin Trust ETF during the 3rd quarter valued at $548,000. Flow Traders U.S. LLC raised its stake in shares of VanEck Bitcoin Trust ETF by 250.7% during the third quarter. Flow Traders U.S. LLC now owns 107,265 shares of the company’s stock valued at $7,705,000 after acquiring an additional 76,682 shares during the last quarter. HighTower Advisors LLC purchased a new position in VanEck Bitcoin Trust ETF during the 3rd quarter valued at $294,000. Finally, Jane Street Group LLC grew its holdings in shares of VanEck Bitcoin Trust ETF by 5.0% during the 3rd quarter. Jane Street Group LLC now owns 34,096 shares of the company’s stock worth $2,449,000 after acquiring an additional 1,616 shares during the period.

About VanEck Bitcoin Trust ETF

(Get Free Report)

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.

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