VanEck Bitcoin Trust ETF (NYSEARCA:HODL) Trading Down 1.5%

VanEck Bitcoin Trust ETF (NYSEARCA:HODL)’s share price traded down 1.5% on Wednesday . The company traded as low as $69.90 and last traded at $70.34. 41,236 shares were traded during trading, a decline of 90% from the average session volume of 422,921 shares. The stock had previously closed at $71.39.

VanEck Bitcoin Trust ETF Stock Down 1.5 %

The company has a fifty day moving average price of $74.87.

Institutional Trading of VanEck Bitcoin Trust ETF

Several hedge funds have recently modified their holdings of the company. Newton One Investments LLC bought a new position in shares of VanEck Bitcoin Trust ETF in the 1st quarter valued at about $27,000. Larson Financial Group LLC purchased a new stake in VanEck Bitcoin Trust ETF during the first quarter valued at approximately $198,000. Brookstone Capital Management purchased a new position in shares of VanEck Bitcoin Trust ETF in the 1st quarter worth approximately $329,000. Shoker Investment Counsel Inc. bought a new position in shares of VanEck Bitcoin Trust ETF during the 1st quarter valued at approximately $4,499,000. Finally, IMC Chicago LLC bought a new stake in VanEck Bitcoin Trust ETF in the first quarter worth $10,705,000.

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.