FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Sees Large Increase in Short Interest

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 18,052 shares, an increase of 118.5% from the January 29th total of 8,263 shares. Based on an average daily volume of 14,440 shares, the short-interest ratio is presently 1.3 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average daily volume of 14,440 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On FT Vest Bitcoin Strategy & Target Income ETF

Several large investors have recently added to or reduced their stakes in the business. Andina Capital Management LLC boosted its stake in FT Vest Bitcoin Strategy & Target Income ETF by 85.7% during the 4th quarter. Andina Capital Management LLC now owns 123,398 shares of the company’s stock valued at $2,203,000 after purchasing an additional 56,939 shares during the last quarter. Insight Advisors LLC PA lifted its holdings in shares of FT Vest Bitcoin Strategy & Target Income ETF by 13.7% in the fourth quarter. Insight Advisors LLC PA now owns 134,364 shares of the company’s stock valued at $2,398,000 after purchasing an additional 16,164 shares in the last quarter. Archer Investment Corp bought a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the fourth quarter valued at approximately $33,000. Prime Capital Investment Advisors LLC bought a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the fourth quarter valued at approximately $224,000. Finally, Capital CS Group LLC purchased a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF during the fourth quarter valued at approximately $228,000.

FT Vest Bitcoin Strategy & Target Income ETF Stock Performance

DFII stock traded down $0.27 during midday trading on Friday, reaching $13.16. 7,331 shares of the company’s stock traded hands, compared to its average volume of 11,237. The firm’s fifty day moving average price is $16.26 and its 200-day moving average price is $19.98. FT Vest Bitcoin Strategy & Target Income ETF has a 52 week low of $12.34 and a 52 week high of $26.52.

FT Vest Bitcoin Strategy & Target Income ETF Company Profile

The First Trust Exchange-Traded Fund, specifically the FT Vest Bitcoin Strategy & Target Income ETF (DFII), aims to provide income with a secondary goal of partial participation in bitcoin returns. It uses options strategies to achieve this without directly investing in bitcoin