FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Sees Large Growth in Short Interest

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 9,290 shares, a growth of 77.0% from the September 15th total of 5,250 shares. Based on an average daily trading volume, of 8,598 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the shares of the company are short sold.

FT Vest Bitcoin Strategy & Target Income ETF Stock Down 1.1%

Shares of NYSEARCA:DFII traded down $0.15 during midday trading on Friday, reaching $13.74. 4,319 shares of the company’s stock were exchanged, compared to its average volume of 10,250. FT Vest Bitcoin Strategy & Target Income ETF has a fifty-two week low of $10.91 and a fifty-two week high of $23.71. The firm’s 50 day simple moving average is $13.46 and its two-hundred day simple moving average is $13.17.

Hedge Funds Weigh In On FT Vest Bitcoin Strategy & Target Income ETF

Several large investors have recently added to or reduced their stakes in the business. Insight Advisors LLC PA boosted its stake in FT Vest Bitcoin Strategy & Target Income ETF by 35.1% during the 1st quarter. Insight Advisors LLC PA now owns 181,464 shares of the company’s stock valued at $2,413,000 after acquiring an additional 47,100 shares during the last quarter. Independent Financial Group LLC acquired a new stake in FT Vest Bitcoin Strategy & Target Income ETF during the 1st quarter worth about $831,000. Winnacle Wealth LLC boosted its position in FT Vest Bitcoin Strategy & Target Income ETF by 134.1% during the 3rd quarter. Winnacle Wealth LLC now owns 59,789 shares of the company’s stock worth $855,000 after acquiring an additional 34,245 shares during the period. Western Wealth Management LLC acquired a new position in FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter worth about $147,000. Finally, Kestra Advisory Services LLC raised its holdings in FT Vest Bitcoin Strategy & Target Income ETF by 12.9% during the first 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