Hashdex Bitcoin ETF (NYSEARCA:DEFI) Trading Down 1.8% – Time to Sell?

Hashdex Bitcoin ETF (NYSEARCA:DEFI) traded down 1.8% during trading on Tuesday . The stock traded as low as $98.23 and last traded at $99.07. 1,058 shares were traded during mid-day trading, an increase of 1% from the average session volume of 1,050 shares. The stock had previously closed at $100.84.

Hashdex Bitcoin ETF Stock Performance

The business has a 50-day simple moving average of $122.30 and a two-hundred day simple moving average of $124.67.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hashdex Bitcoin ETF stock. Flow Traders U.S. LLC bought a new stake in Hashdex Bitcoin ETF (NYSEARCA:DEFI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,025 shares of the company’s stock, valued at approximately $733,000. Flow Traders U.S. LLC owned approximately 5.02% of Hashdex Bitcoin ETF at the end of the most recent quarter.

Hashdex Bitcoin ETF Company Profile

The Hashdex Bitcoin Futures ETF (DEFI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund tracks an index that provides the average of the closing settlement prices for the front month bitcoin futures contracts listed on the Chicago Mercantile Exchange Inc (CME).