Short Interest in FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Grows By 941.2%

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 12,474 shares, an increase of 941.2% from the August 15th total of 1,198 shares. Based on an average daily volume of 8,904 shares, the short-interest ratio is currently 1.4 days. Currently, 0.9% of the shares of the company are short sold.

FT Vest Bitcoin Strategy & Target Income ETF Price Performance

Shares of DFII traded down $0.18 during trading hours on Thursday, hitting $13.29. The company had a trading volume of 2,410 shares, compared to its average volume of 10,398. The business has a fifty day moving average of $12.36 and a 200-day moving average of $13.10. FT Vest Bitcoin Strategy & Target Income ETF has a 12 month low of $10.91 and a 12 month high of $25.73.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Insight Advisors LLC PA lifted its position in FT Vest Bitcoin Strategy & Target Income ETF by 35.1% during the first quarter. Insight Advisors LLC PA now owns 181,464 shares of the company’s stock worth $2,413,000 after acquiring an additional 47,100 shares during the last quarter. Independent Financial Group LLC bought a new stake in shares of FT Vest Bitcoin Strategy & Target Income ETF during the first quarter worth approximately $831,000. Andina Capital Management LLC increased its stake in shares of FT Vest Bitcoin Strategy & Target Income ETF by 85.7% during the fourth quarter. Andina Capital Management LLC now owns 123,398 shares of the company’s stock worth $2,203,000 after purchasing an additional 56,939 shares during the period. Western Wealth Management LLC acquired a new position in FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter valued at $147,000. Finally, Kestra Advisory Services LLC grew its holdings in FT Vest Bitcoin Strategy & Target Income ETF by 12.9% in the 1st quarter. Kestra Advisory Services LLC now owns 18,223 shares of the company’s stock valued at $242,000 after buying an additional 2,089 shares in the last quarter.

About FT Vest Bitcoin Strategy & Target Income ETF

The First Trust Exchange-Traded Fund, specifically the FT Vest Bitcoin Strategy & Target Income ETF (DFII), aims to provide income with a secondary goal of partial participation in bitcoin returns. It uses options strategies to achieve this without directly investing in bitcoin