Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Sees Significant Decline in Short Interest

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 189,252 shares, a drop of 56.6% from the December 15th total of 435,753 shares. Approximately 4.4% of the company’s stock are short sold. Based on an average trading volume of 385,225 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 385,225 shares, the short-interest ratio is currently 0.5 days. Approximately 4.4% of the company’s stock are short sold.

Institutional Trading of Valkyrie Bitcoin Strategy ETF

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

Valkyrie Bitcoin Strategy ETF Trading Up 3.3%

NASDAQ:BTF opened at $5.63 on Wednesday. Valkyrie Bitcoin Strategy ETF has a one year low of $4.98 and a one year high of $19.42. The business’s 50-day simple moving average is $10.20 and its 200 day simple moving average is $14.50.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, December 18th. Shareholders of record on Wednesday, December 17th were given a $7.4639 dividend. The ex-dividend date of this dividend 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.