Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Update

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 6,169 shares, a drop of 85.3% from the January 15th total of 42,097 shares. Based on an average daily trading volume, of 14,675 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.8% of the company’s shares are short sold. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 14,675 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sloy Dahl & Holst LLC raised its position in Valkyrie Bitcoin Strategy ETF by 34.7% during the second quarter. Sloy Dahl & Holst LLC now owns 299,210 shares of the company’s stock valued at $3,938,000 after buying an additional 77,062 shares during the period. CreativeOne Wealth LLC acquired a new position in shares of Valkyrie Bitcoin Strategy ETF in the 2nd quarter valued at about $327,000. Jane Street Group LLC purchased a new stake in shares of Valkyrie Bitcoin Strategy ETF in the first quarter worth approximately $207,000. Flow Traders U.S. LLC purchased a new stake in shares of Valkyrie Bitcoin Strategy ETF in the second quarter worth approximately $147,000. Finally, Simplex Trading LLC boosted its holdings in shares of Valkyrie Bitcoin Strategy ETF by 345.3% during the second quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock worth $29,000 after purchasing an additional 1,754 shares during the period. Hedge funds and other institutional investors own 24.94% of the company’s stock.

Valkyrie Bitcoin Strategy ETF Stock Down 4.1%

Shares of BTF stock traded down $0.81 during trading hours on Tuesday, reaching $19.07. 10,326 shares of the stock traded hands, compared to its average volume of 22,872. Valkyrie Bitcoin Strategy ETF has a 1-year low of $17.40 and a 1-year high of $97.10. The business has a fifty day moving average price of $33.68 and a 200 day moving average price of $65.42.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, December 17th were issued a $37.3196 dividend. The ex-dividend date was Wednesday, December 17th.

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.