Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Trading Up 1.1% – Should You Buy?

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) rose 1.1% during trading on Thursday . The company traded as high as $16.69 and last traded at $16.68. Approximately 977 shares traded hands during trading, a decline of 92% from the average daily volume of 11,922 shares. The stock had previously closed at $16.50.

Valkyrie Bitcoin Strategy ETF Trading Up 1.9%

The company’s 50-day moving average is $18.27 and its two-hundred day moving average is $20.72.

Valkyrie Bitcoin Strategy ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 17th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, June 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC bought a new stake in shares of Valkyrie Bitcoin Strategy ETF in the 2nd quarter worth approximately $147,000. Jane Street Group LLC purchased a new position in Valkyrie Bitcoin Strategy ETF in the first quarter valued at approximately $207,000. Finally, Sloy Dahl & Holst LLC lifted its stake in 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 purchasing an additional 7,536 shares during the last quarter. 24.94% of the stock is owned by institutional investors.

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.