Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Trading 1.1% Higher – Here’s Why

Shares of Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) traded up 1.1% on Thursday . The stock traded as high as $16.69 and last traded at $16.68. Approximately 977 shares were traded during trading, a decline of 92% from the average daily volume of 11,922 shares. The stock had previously closed at $16.50.

Valkyrie Bitcoin Strategy ETF Price Performance

The stock’s 50-day moving average price is $18.35 and its 200-day moving average price is $20.74.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Wednesday, June 17th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, June 17th.

Hedge Funds Weigh In On Valkyrie Bitcoin Strategy ETF

A number of large investors have recently bought and sold shares of BTF. Jane Street Group LLC acquired a new position in Valkyrie Bitcoin Strategy ETF in the fourth quarter valued at approximately $675,000. Flow Traders U.S. LLC bought a new position in shares of Valkyrie Bitcoin Strategy ETF during the second quarter valued at approximately $147,000. Finally, Sloy Dahl & Holst LLC raised its position in shares of Valkyrie Bitcoin Strategy ETF by 2.5% during the 4th 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 period. Institutional investors own 24.94% of the company’s stock.

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.