Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Down 85.3% in January

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 6,169 shares, a drop of 85.3% from the January 15th total of 42,097 shares. Based on an average daily volume of 14,675 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the company’s stock are sold short. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 14,675 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Valkyrie Bitcoin Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC increased its stake in shares of Valkyrie Bitcoin Strategy ETF by 345.3% during the second quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock worth $29,000 after buying an additional 1,754 shares during the period. Flow Traders U.S. LLC acquired a new position in Valkyrie Bitcoin Strategy ETF during the 2nd quarter worth approximately $147,000. Jane Street Group LLC acquired a new position in Valkyrie Bitcoin Strategy ETF during the 1st quarter worth approximately $207,000. CreativeOne Wealth LLC purchased a new stake in shares of Valkyrie Bitcoin Strategy ETF in the 2nd quarter valued at approximately $327,000. Finally, Sloy Dahl & Holst LLC raised its holdings in shares of Valkyrie Bitcoin Strategy ETF by 2.5% in the 4th quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock valued at $1,592,000 after purchasing an additional 7,536 shares in the last quarter. Hedge funds and other institutional investors own 24.94% of the company’s stock.

Valkyrie Bitcoin Strategy ETF Price Performance

BTF traded down $0.36 during trading hours on Thursday, hitting $18.27. 3,782 shares of the company’s stock were exchanged, compared to its average volume of 21,836. Valkyrie Bitcoin Strategy ETF has a 12-month low of $17.40 and a 12-month high of $97.10. The firm has a 50 day moving average of $32.70 and a 200 day moving average of $65.09.

Valkyrie Bitcoin Strategy ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, December 18th. Investors 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.