Short Interest in Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Expands By 62.9%

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 33,948 shares, a growth of 62.9% from the February 26th total of 20,834 shares. Approximately 4.4% of the company’s stock are short sold. Based on an average daily volume of 11,693 shares, the short-interest ratio is currently 2.9 days.

Valkyrie Bitcoin Strategy ETF Price Performance

BTF stock traded down $0.72 during midday trading on Friday, hitting $18.32. 8,261 shares of the company’s stock were exchanged, compared to its average volume of 18,348. The firm has a 50 day moving average price of $20.92 and a 200-day moving average price of $50.58. Valkyrie Bitcoin Strategy ETF has a 12-month low of $17.34 and a 12-month high of $97.10.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Thursday, March 19th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.3%.

Institutional Trading of Valkyrie Bitcoin Strategy ETF

Several institutional investors have recently added to or reduced their stakes in BTF. CreativeOne Wealth LLC bought a new position in Valkyrie Bitcoin Strategy ETF during the 2nd quarter valued at $327,000. Jane Street Group LLC bought a new stake in shares of Valkyrie Bitcoin Strategy ETF in the 4th quarter worth about $675,000. Flow Traders U.S. LLC acquired a new stake in shares of Valkyrie Bitcoin Strategy ETF in the 2nd quarter valued at about $147,000. Finally, Sloy Dahl & Holst LLC lifted its position in shares of Valkyrie Bitcoin Strategy ETF by 2.5% during 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 owned by institutional investors and hedge funds.

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.