Short Interest in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Drops By 47.5%

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 4,200 shares, a decrease of 47.5% from the February 13th total of 8,000 shares. Based on an average daily trading volume, of 28,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.0% of the company’s stock are sold short.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Trading Up 11.0 %

BTFX stock traded up $3.64 during midday trading on Friday, hitting $36.85. 8,142 shares of the company traded hands, compared to its average volume of 51,982. The business has a 50 day simple moving average of $49.71 and a 200-day simple moving average of $43.80. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a twelve month low of $16.34 and a twelve month high of $72.53.

Institutional Investors Weigh In On Valkyrie Bitcoin Futures Leveraged Strategy ETF

A hedge fund recently bought a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC acquired a new position in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned approximately 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF as of its most recent filing with the Securities and Exchange Commission.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Company Profile

The Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures index. The fund seeks to achieve 2x daily Bitcoin index returns via Bitcoin futures contracts, mitigating risks through collateral investments and the use of reverse repurchase agreements.