FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Stock Short Interest Drops 57.9%

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,250 shares, a decrease of 57.9% from the August 31st total of 12,474 shares. Based on an average daily volume of 7,169 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Insight Advisors LLC PA lifted its position in FT Vest Bitcoin Strategy & Target Income ETF by 35.1% during the first quarter. Insight Advisors LLC PA now owns 181,464 shares of the company’s stock worth $2,413,000 after acquiring an additional 47,100 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the first quarter valued at approximately $831,000. Andina Capital Management LLC grew its position in shares of FT Vest Bitcoin Strategy & Target Income ETF by 85.7% in the fourth 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. Western Wealth Management LLC bought a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF during the first quarter worth approximately $147,000. Finally, Kestra Advisory Services LLC increased its stake in shares of FT Vest Bitcoin Strategy & Target Income ETF by 12.9% during the first quarter. Kestra Advisory Services LLC now owns 18,223 shares of the company’s stock worth $242,000 after purchasing an additional 2,089 shares during the period.

FT Vest Bitcoin Strategy & Target Income ETF Stock Down 0.6%

FT Vest Bitcoin Strategy & Target Income ETF stock traded down $0.08 during mid-day trading on Monday, reaching $14.27. The company’s stock had a trading volume of 3,152 shares, compared to its average volume of 10,195. FT Vest Bitcoin Strategy & Target Income ETF has a 12 month low of $10.91 and a 12 month high of $25.73. The business’s 50 day simple moving average is $12.85 and its 200 day simple moving average is $13.14.

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