Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Trading Down 2.5% – Here’s What Happened

Shares of Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) traded down 2.5% during trading on Wednesday . The stock traded as low as $5.45 and last traded at $5.47. 41,371 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 157,568 shares. The stock had previously closed at $5.61.

Valkyrie Bitcoin Strategy ETF Trading Down 2.5%

The company’s 50-day simple moving average is $11.00 and its 200 day simple moving average is $14.69.

Valkyrie Bitcoin Strategy ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, December 17th were issued a dividend of $7.4639 per share. The ex-dividend date of this dividend was Wednesday, December 17th.

Institutional Investors Weigh In On Valkyrie Bitcoin Strategy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new stake in Valkyrie Bitcoin Strategy ETF during the second quarter worth approximately $147,000. CreativeOne Wealth LLC acquired a new stake in shares of Valkyrie Bitcoin Strategy ETF in the second quarter worth $327,000. Simplex Trading LLC lifted its stake in shares of Valkyrie Bitcoin Strategy ETF by 345.3% in the second quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock worth $29,000 after buying an additional 1,754 shares during the last quarter. Sloy Dahl & Holst LLC boosted its holdings in shares of Valkyrie Bitcoin Strategy ETF by 34.7% during the 2nd quarter. Sloy Dahl & Holst LLC now owns 299,210 shares of the company’s stock worth $3,938,000 after buying an additional 77,062 shares during the period. Finally, Jane Street Group LLC acquired a new position in Valkyrie Bitcoin Strategy ETF in the 1st quarter valued at $207,000. 24.94% of the stock is currently owned by institutional investors and hedge funds.

About Valkyrie Bitcoin Strategy ETF

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.