No, the hole was a closeup of an overlay from the SS lady's uniform. It wasn't there. And clearly from this video, if he had a hole, it would have been much lower.
The "bullet" only moved about 8 inches in a frame and is moving upward This equates to about 20 feet per second @30fps, 16 feet @24fps and , IF it were a bullet. it would be below the the minimum speed needed to penetrate human flesh, which is about 100-200m/s. However this is about the speed of a bee in flight.