Hashdex Bitcoin ETF (NYSEARCA:DEFI) Trading Down 0.5% – Should You Sell?

Hashdex Bitcoin ETF (NYSEARCA:DEFI)’s stock price traded down 0.5% during trading on Wednesday . The stock traded as low as $98.92 and last traded at $98.92. Approximately 818 shares were traded during mid-day trading, a decline of 21% from the average session volume of 1,041 shares. The stock had previously closed at $99.38.

Hashdex Bitcoin ETF Trading Down 0.5%

The business’s 50-day moving average price is $106.49 and its two-hundred day moving average price is $120.86.

Institutional Investors Weigh In On Hashdex Bitcoin ETF

An institutional investor recently bought a new position in Hashdex Bitcoin ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of Hashdex Bitcoin ETF (NYSEARCA:DEFI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,025 shares of the company’s stock, valued at approximately $733,000. Flow Traders U.S. LLC owned approximately 5.02% of Hashdex Bitcoin ETF at the end of the most recent reporting period.

About Hashdex Bitcoin ETF

The Hashdex Bitcoin Futures ETF (DEFI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund tracks an index that provides the average of the closing settlement prices for the front month bitcoin futures contracts listed on the Chicago Mercantile Exchange Inc (CME). DEFI was launched on Sep 15, 2022 and is managed by Teucrium.