Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Down 77.8% in January

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 42,097 shares, a drop of 77.8% from the December 31st total of 189,252 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 125,532 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 125,532 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Valkyrie Bitcoin Strategy ETF

Several institutional investors have recently bought and sold shares of the stock. Simplex Trading LLC increased its stake in Valkyrie Bitcoin Strategy ETF by 345.3% in the 2nd quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock worth $29,000 after purchasing an additional 1,754 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Valkyrie Bitcoin Strategy ETF in the second quarter worth approximately $147,000. Jane Street Group LLC purchased a new position in shares of Valkyrie Bitcoin Strategy ETF in the first quarter worth $207,000. CreativeOne Wealth LLC purchased a new position in shares of Valkyrie Bitcoin Strategy ETF in the second quarter worth $327,000. Finally, Sloy Dahl & Holst LLC raised its holdings in Valkyrie Bitcoin Strategy ETF by 34.7% during the 2nd quarter. Sloy Dahl & Holst LLC now owns 299,210 shares of the company’s stock valued at $3,938,000 after buying an additional 77,062 shares during the last quarter. 24.94% of the stock is currently owned by hedge funds and other institutional investors.

Valkyrie Bitcoin Strategy ETF Trading Down 0.3%

Shares of NASDAQ:BTF opened at $26.42 on Thursday. The company’s fifty day moving average is $41.34 and its 200 day moving average is $69.31. Valkyrie Bitcoin Strategy ETF has a 52 week low of $24.90 and a 52 week high of $97.10.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, December 17th were issued a $37.3196 dividend. The ex-dividend date was Wednesday, December 17th.

Valkyrie Bitcoin Strategy ETF Company Profile

The Valkyrie Bitcoin Strategy ETF (BTF) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund portfolio includes CME Bitcoin Futures, treasuries, corporate bonds, and cash, and does not have direct exposure to bitcoin. BTF was launched on Oct 21, 2021 and is managed by Valkyrie.