Short Interest in Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Decreases By 77.8%

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 42,097 shares, a decrease of 77.8% from the December 31st total of 189,252 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 125,532 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 125,532 shares, the short-interest ratio is currently 0.3 days. Approximately 1.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Valkyrie Bitcoin Strategy ETF

Institutional investors have recently modified their holdings of the business. CreativeOne Wealth LLC purchased a new position in Valkyrie Bitcoin Strategy ETF in the second quarter worth $327,000. Sloy Dahl & Holst LLC increased its position 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 valued at $3,938,000 after purchasing an additional 77,062 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Valkyrie Bitcoin Strategy ETF during the 2nd quarter worth $147,000. Jane Street Group LLC purchased a new position in shares of Valkyrie Bitcoin Strategy ETF in the 1st quarter worth about $207,000. Finally, Simplex Trading LLC boosted its holdings in shares of Valkyrie Bitcoin Strategy ETF by 345.3% in the 2nd 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. 24.94% of the stock is owned by institutional investors.

Valkyrie Bitcoin Strategy ETF Price Performance

BTF opened at $26.50 on Wednesday. Valkyrie Bitcoin Strategy ETF has a fifty-two week low of $24.90 and a fifty-two week high of $97.10. The company’s 50-day moving average is $42.10 and its 200 day moving average is $69.61.

Valkyrie Bitcoin Strategy ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, December 18th. Shareholders of record on Wednesday, December 17th were given a dividend of $37.3196 per share. The ex-dividend date of this dividend was Wednesday, December 17th.

Valkyrie Bitcoin Strategy ETF Company Profile

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.