Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Down 77.8% in January

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 42,097 shares, a decline of 77.8% from the December 31st total of 189,252 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 125,532 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 125,532 shares, the short-interest ratio is currently 0.3 days. Currently, 1.1% of the shares of the company are sold short.

Valkyrie Bitcoin Strategy ETF Price Performance

Valkyrie Bitcoin Strategy ETF stock opened at $26.50 on Wednesday. The firm has a 50 day moving average price of $42.10 and a 200-day moving average price of $69.61. Valkyrie Bitcoin Strategy ETF has a twelve month low of $24.90 and a twelve month high of $97.10.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, December 18th. Shareholders of record on Wednesday, December 17th were given a $37.3196 dividend. The ex-dividend date of this dividend was Wednesday, December 17th.

Institutional Inflows and Outflows

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

Valkyrie Bitcoin Strategy ETF Company Profile

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.