ARK 21Shares Bitcoin ETF (BATS:ARKB) Stock Price Down 1.5%

ARK 21Shares Bitcoin ETF (BATS:ARKB)’s stock price fell 1.5% during mid-day trading on Wednesday . The company traded as low as $61.75 and last traded at $62.11. 623,674 shares changed hands during trading, The stock had previously closed at $63.05.

ARK 21Shares Bitcoin ETF Trading Down 1.5 %

The stock’s fifty day moving average price is $66.15.

Institutional Investors Weigh In On ARK 21Shares Bitcoin ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. SignalPoint Asset Management LLC acquired a new stake in ARK 21Shares Bitcoin ETF in the 1st quarter valued at approximately $221,000. IMC Chicago LLC acquired a new stake in shares of ARK 21Shares Bitcoin ETF in the first quarter valued at $1,110,000. OxenFree Capital LLC purchased a new stake in shares of ARK 21Shares Bitcoin ETF in the 1st quarter valued at $411,000. Strategic Blueprint LLC purchased a new stake in shares of ARK 21Shares Bitcoin ETF in the 1st quarter valued at $802,000. Finally, Global Retirement Partners LLC purchased a new position in ARK 21Shares Bitcoin ETF during the 1st quarter valued at about $66,000.

About ARK 21Shares Bitcoin ETF

The ARK 21Shares Bitcoin ETF Ben of Int (ARKB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, seeking to track the daily USD spot price of Bitcoin (BTC) through a buy-and-hold strategy focused on long-term BTC holdings. An investment in the fund is not a direct investment in Bitcoin.