FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Sees Significant Drop in Short Interest

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,222 shares, a decline of 56.6% from the May 31st total of 2,817 shares. Based on an average daily volume of 17,689 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

FT Vest Bitcoin Strategy & Target Income ETF Price Performance

Shares of FT Vest Bitcoin Strategy & Target Income ETF stock traded down $0.25 during trading hours on Tuesday, reaching $11.12. 6,332 shares of the company’s stock were exchanged, compared to its average volume of 11,702. FT Vest Bitcoin Strategy & Target Income ETF has a 1 year low of $10.99 and a 1 year high of $26.52. The business has a fifty day moving average of $13.46 and a two-hundred day moving average of $14.73.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Insight Advisors LLC PA raised its holdings in FT Vest Bitcoin Strategy & Target Income ETF by 35.1% in the 1st quarter. Insight Advisors LLC PA now owns 181,464 shares of the company’s stock valued at $2,413,000 after acquiring an additional 47,100 shares during the last quarter. Andina Capital Management LLC boosted its holdings in shares of FT Vest Bitcoin Strategy & Target Income ETF by 12.6% during the 1st quarter. Andina Capital Management LLC now owns 138,929 shares of the company’s stock worth $1,848,000 after purchasing an additional 15,531 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF during the 1st quarter worth approximately $831,000. Kestra Advisory Services LLC grew its position in shares of 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 in the last quarter. Finally, Maridea Wealth Management LLC purchased a new stake in shares of FT Vest Bitcoin Strategy & Target Income ETF in the first quarter valued at approximately $194,000.

About FT Vest Bitcoin Strategy & Target Income ETF

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