Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Stock Price Down 3.7% – What’s Next?

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF)’s share price traded down 3.7% during trading on Monday . The stock traded as low as $20.11 and last traded at $20.39. 12,948 shares traded hands during trading, a decline of 11% from the average session volume of 14,509 shares. The stock had previously closed at $21.18.

Valkyrie Bitcoin Strategy ETF Price Performance

The stock has a 50-day simple moving average of $20.55 and a two-hundred day simple moving average of $32.77.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Thursday, March 19th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, March 19th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Valkyrie Bitcoin Strategy ETF during the 4th quarter valued at about $675,000. Flow Traders U.S. LLC bought a new stake in shares of Valkyrie Bitcoin Strategy ETF during the 2nd quarter valued at about $147,000. Finally, Sloy Dahl & Holst LLC grew its stake in shares of Valkyrie Bitcoin Strategy ETF by 2.5% during the 4th quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock valued at $1,592,000 after purchasing an additional 7,536 shares during the period. 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.