Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Update

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 8,515 shares, a decrease of 65.5% from the July 15th total of 24,688 shares. Based on an average daily trading volume, of 3,694 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.1% of the company’s stock are sold short.

Valkyrie Bitcoin Strategy ETF Price Performance

BTF traded up $0.07 during trading on Friday, reaching $17.22. 3,182 shares of the stock were exchanged, compared to its average volume of 10,589. The stock’s 50 day moving average price is $16.86 and its two-hundred day moving average price is $19.04. Valkyrie Bitcoin Strategy ETF has a twelve month low of $15.00 and a twelve month high of $97.10.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Wednesday, June 17th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, June 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%.

Institutional Investors Weigh In On Valkyrie Bitcoin Strategy ETF

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in Valkyrie Bitcoin Strategy ETF during the fourth quarter worth about $675,000. Sloy Dahl & Holst LLC lifted its position in shares of Valkyrie Bitcoin Strategy ETF by 2.5% in the fourth quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock valued at $1,592,000 after buying an additional 7,536 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Valkyrie Bitcoin Strategy ETF in the second quarter valued at approximately $147,000. 24.94% of the stock is currently owned by institutional investors and hedge funds.

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.