Hashdex Bitcoin ETF (NYSEARCA:DEFI) Sees Large Growth in Short Interest

Hashdex Bitcoin ETF (NYSEARCA:DEFI) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,293 shares, an increase of 110.4% from the April 30th total of 3,941 shares. Based on an average trading volume of 939 shares, the short-interest ratio is currently 8.8 days. Approximately 6.9% of the company’s stock are sold short.

Hashdex Bitcoin ETF Stock Performance

Shares of NYSEARCA DEFI opened at $83.30 on Monday. Hashdex Bitcoin ETF has a twelve month low of $71.62 and a twelve month high of $142.50. The company has a 50 day moving average of $84.55 and a 200 day moving average of $90.52.

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). DEFI was launched on Sep 15, 2022 and is managed by Teucrium.