Short Interest in FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Grows By 941.2%

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 12,474 shares, a growth of 941.2% from the August 15th total of 1,198 shares. Based on an average daily trading volume, of 8,904 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Insight Advisors LLC PA raised its stake in shares of FT Vest Bitcoin Strategy & Target Income ETF by 35.1% during the 1st quarter. Insight Advisors LLC PA now owns 181,464 shares of the company’s stock worth $2,413,000 after purchasing an additional 47,100 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter valued at approximately $831,000. Andina Capital Management LLC grew its stake in shares of FT Vest Bitcoin Strategy & Target Income ETF by 85.7% in the fourth quarter. Andina Capital Management LLC now owns 123,398 shares of the company’s stock valued at $2,203,000 after buying an additional 56,939 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the first quarter valued at $147,000. Finally, Kestra Advisory Services LLC increased its holdings in FT Vest Bitcoin Strategy & Target Income ETF by 12.9% during the first quarter. Kestra Advisory Services LLC now owns 18,223 shares of the company’s stock worth $242,000 after buying an additional 2,089 shares during the last quarter.

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

Shares of FT Vest Bitcoin Strategy & Target Income ETF stock traded down $0.18 during trading hours on Thursday, reaching $13.29. 2,410 shares of the company’s stock were exchanged, compared to its average volume of 10,398. The company has a 50 day moving average of $12.36 and a two-hundred day moving average of $13.10. FT Vest Bitcoin Strategy & Target Income ETF has a fifty-two week low of $10.91 and a fifty-two week high of $25.73.

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