Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Up 117.6% in February

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 13,426 shares, a growth of 117.6% from the January 29th total of 6,169 shares. Based on an average trading volume of 24,863 shares, the short-interest ratio is presently 0.5 days. Approximately 1.7% of the shares of the stock are short sold. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 24,863 shares, the short-interest ratio is presently 0.5 days.

Valkyrie Bitcoin Strategy ETF Stock Down 4.0%

BTF traded down $0.76 during trading on Friday, reaching $18.16. The stock had a trading volume of 7,942 shares, compared to its average volume of 19,344. The business has a 50-day moving average of $23.68 and a 200-day moving average of $59.80. Valkyrie Bitcoin Strategy ETF has a one year low of $17.34 and a one year high of $97.10.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, December 17th were issued a dividend of $37.3196 per share. The ex-dividend date of this dividend was Wednesday, December 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BTF. Simplex Trading LLC lifted its holdings in shares of Valkyrie Bitcoin Strategy ETF by 345.3% in the 2nd quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock worth $29,000 after acquiring an additional 1,754 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in Valkyrie Bitcoin Strategy ETF during the 2nd quarter valued at about $147,000. Jane Street Group LLC purchased a new position in Valkyrie Bitcoin Strategy ETF in the 1st quarter worth approximately $207,000. CreativeOne Wealth LLC bought a new stake in Valkyrie Bitcoin Strategy ETF in the second quarter valued at approximately $327,000. Finally, Sloy Dahl & Holst LLC grew its holdings 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 worth $1,592,000 after purchasing an additional 7,536 shares during the last quarter. 24.94% of the stock is currently owned by institutional investors.

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.