Short Interest in VanEck Onchain Economy ETF (BATS:NODE) Drops By 90.9%

VanEck Onchain Economy ETF (BATS:NODE) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 2,488 shares, a decline of 90.9% from the April 30th total of 27,436 shares. Based on an average daily volume of 16,297 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.9% of the company’s stock are sold short.

VanEck Onchain Economy ETF Stock Performance

BATS NODE opened at $47.15 on Thursday. VanEck Onchain Economy ETF has a twelve month low of $26.17 and a twelve month high of $48.88. The stock’s 50 day moving average is $39.30 and its 200 day moving average is $37.89.

Institutional Investors Weigh In On VanEck Onchain Economy ETF

Several hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new stake in shares of VanEck Onchain Economy ETF during the fourth quarter valued at approximately $6,093,000. SBE LLC DBA Cedar Cove Wealth Partners purchased a new stake in shares of VanEck Onchain Economy ETF in the 4th quarter worth approximately $4,984,000. BXM Wealth LLC purchased a new stake in shares of VanEck Onchain Economy ETF in the 4th quarter worth approximately $2,915,000. Commonwealth Equity Services LLC grew its stake in shares of VanEck Onchain Economy ETF by 469.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 73,150 shares of the company’s stock worth $2,543,000 after buying an additional 60,295 shares during the last quarter. Finally, Echo45 Advisors LLC boosted its holdings in VanEck Onchain Economy ETF by 5.6% in the first quarter. Echo45 Advisors LLC now owns 47,762 shares of the company’s stock worth $1,546,000 after acquiring an additional 2,544 shares in the last quarter.

About VanEck Onchain Economy ETF

The Vaneck Funds – Onchain Economy ETF (NODE) is an exchange-traded fund that trades on the BATS exchange in the United States.