Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Shares Down 1.9% – What’s Next?

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF)’s stock price fell 1.9% during mid-day trading on Tuesday . The stock traded as low as $15.91 and last traded at $16.18. 4,071 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 13,430 shares. The stock had previously closed at $16.50.

Valkyrie Bitcoin Strategy ETF Stock Down 1.9%

The firm has a 50 day moving average price of $20.21 and a 200-day moving average price of $27.47.

Valkyrie Bitcoin Strategy ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Thursday, March 19th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, March 19th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of Valkyrie Bitcoin Strategy ETF in the first quarter worth about $207,000. Flow Traders U.S. LLC purchased a new position in shares of Valkyrie Bitcoin Strategy ETF in the second quarter worth about $147,000. Finally, Sloy Dahl & Holst LLC raised its stake in shares of Valkyrie Bitcoin Strategy ETF by 2.5% in the fourth quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock worth $1,592,000 after purchasing an additional 7,536 shares during the last quarter. 24.94% of the stock is currently owned by hedge funds and other institutional investors.

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.