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

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 14,600 shares, a drop of 36.0% from the October 31st total of 22,800 shares. Based on an average daily trading volume, of 31,000 shares, the days-to-cover ratio is presently 0.5 days.

Valkyrie Bitcoin Strategy ETF Trading Up 7.7 %

Shares of NASDAQ:BTF traded up $1.70 during midday trading on Thursday, hitting $23.64. The company’s stock had a trading volume of 41,330 shares, compared to its average volume of 51,167. The stock’s 50 day simple moving average is $18.00 and its 200 day simple moving average is $18.07. Valkyrie Bitcoin Strategy ETF has a fifty-two week low of $12.40 and a fifty-two week high of $23.69.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 19th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, September 19th.

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.