Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Sees Large Growth in Short Interest

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 13,426 shares, an increase of 117.6% from the January 29th total of 6,169 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,863 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 24,863 shares, the short-interest ratio is presently 0.5 days. Currently, 1.7% of the shares of the stock are short sold.

Valkyrie Bitcoin Strategy ETF Price Performance

Valkyrie Bitcoin Strategy ETF stock traded down $0.51 during mid-day trading on Friday, reaching $18.41. 935 shares of the company were exchanged, compared to its average volume of 19,149. The company has a fifty day simple moving average of $23.84 and a 200-day simple moving average of $60.30. Valkyrie Bitcoin Strategy ETF has a 12 month low of $17.34 and a 12 month high of $97.10.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

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

Hedge Funds Weigh In On Valkyrie Bitcoin Strategy ETF

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

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.