Short Interest in FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Rises By 1,576.0%

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,581 shares, an increase of 1,576.0% from the April 30th total of 154 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 14,301 shares, the days-to-cover ratio is currently 0.2 days.

FT Vest Bitcoin Strategy & Target Income ETF Stock Down 1.3%

DFII opened at $14.20 on Thursday. The company has a fifty day moving average of $14.28 and a two-hundred day moving average of $15.88. FT Vest Bitcoin Strategy & Target Income ETF has a fifty-two week low of $12.34 and a fifty-two week high of $26.52.

Hedge Funds Weigh In On FT Vest Bitcoin Strategy & Target Income ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Archer Investment Corp acquired a new position in FT Vest Bitcoin Strategy & Target Income ETF in the 4th quarter worth about $33,000. Kestra Advisory Services LLC grew its holdings in FT Vest Bitcoin Strategy & Target Income ETF by 12.9% in the first quarter. Kestra Advisory Services LLC now owns 18,223 shares of the company’s stock valued at $242,000 after purchasing an additional 2,089 shares during the period. Larson Financial Group LLC purchased a new stake in shares of FT Vest Bitcoin Strategy & Target Income ETF in the third quarter valued at approximately $72,000. Cresset Asset Management LLC purchased a new stake in shares of FT Vest Bitcoin Strategy & Target Income ETF in the third quarter valued at approximately $224,000. Finally, Jane Street Group LLC acquired a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF during the 2nd quarter worth approximately $224,000.

FT Vest Bitcoin Strategy & Target Income ETF Company Profile

The First Trust Exchange-Traded Fund, specifically the FT Vest Bitcoin Strategy & Target Income ETF (DFII), aims to provide income with a secondary goal of partial participation in bitcoin returns. It uses options strategies to achieve this without directly investing in bitcoin