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

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 3,476 shares, a decline of 62.6% from the September 30th total of 9,290 shares. Based on an average trading volume of 11,573 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

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

A number of large investors have recently bought and sold shares of DFII. Western Wealth Management LLC bought a new stake in shares of FT Vest Bitcoin Strategy & Target Income ETF during the first quarter worth $147,000. Kestra Advisory Services LLC grew its holdings in shares of FT Vest Bitcoin Strategy & Target Income ETF by 12.9% in 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 last quarter. Winnacle Wealth LLC grew its holdings in shares of FT Vest Bitcoin Strategy & Target Income ETF by 134.1% in the third quarter. Winnacle Wealth LLC now owns 59,789 shares of the company’s stock worth $855,000 after purchasing an additional 34,245 shares during the last quarter. Independent Financial Group LLC bought a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the first quarter worth about $831,000. Finally, Insight Advisors LLC PA increased its stake in FT Vest Bitcoin Strategy & Target Income ETF by 35.1% in the 1st quarter. Insight Advisors LLC PA now owns 181,464 shares of the company’s stock worth $2,413,000 after buying an additional 47,100 shares during the period.

FT Vest Bitcoin Strategy & Target Income ETF Trading Down 4.9%

DFII stock traded down $0.68 during mid-day trading on Friday, reaching $13.06. 5,802 shares of the stock traded hands, compared to its average volume of 10,077. FT Vest Bitcoin Strategy & Target Income ETF has a one year low of $10.91 and a one year high of $22.62. The business has a 50-day moving average price of $13.84 and a two-hundred day moving average price of $13.62.

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