ARK 21Shares Bitcoin ETF (BATS:ARKB) Stock Price Up 3.9% – Here’s Why

Shares of ARK 21Shares Bitcoin ETF (BATS:ARKB) traded up 3.9% during mid-day trading on Tuesday . The company traded as high as $102.51 and last traded at $102.08. 1,323,020 shares changed hands during mid-day trading, The stock had previously closed at $98.24.

ARK 21Shares Bitcoin ETF Stock Down 2.5 %

The firm has a fifty day simple moving average of $93.08 and a two-hundred day simple moving average of $72.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Wealth Management L.L.C. lifted its position in ARK 21Shares Bitcoin ETF by 43,300.0% during the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 434 shares of the company’s stock valued at $28,000 after acquiring an additional 433 shares during the period. Hollencrest Capital Management bought a new position in shares of ARK 21Shares Bitcoin ETF during the third quarter valued at approximately $102,000. Blue Trust Inc. lifted its holdings in shares of ARK 21Shares Bitcoin ETF by 96.3% during the third quarter. Blue Trust Inc. now owns 2,730 shares of the company’s stock valued at $164,000 after purchasing an additional 1,339 shares during the last quarter. United Asset Strategies Inc. bought a new stake in shares of ARK 21Shares Bitcoin ETF in the 3rd quarter worth approximately $244,000. Finally, Surience Private Wealth LLC purchased a new stake in shares of ARK 21Shares Bitcoin ETF in the 3rd quarter worth approximately $264,000.

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.