Short Interest in Hashdex Bitcoin ETF (NYSEARCA:DEFI) Increases By 450.6%

Hashdex Bitcoin ETF (NYSEARCA:DEFI) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 980 shares, an increase of 450.6% from the February 12th total of 178 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 353 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 353 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.8% of the shares of the company are short sold.

Hashdex Bitcoin ETF Trading Down 0.2%

DEFI stock traded down $0.13 during trading on Thursday, reaching $80.08. 176 shares of the company’s stock were exchanged, compared to its average volume of 833. The company’s fifty day moving average price is $88.59 and its 200-day moving average price is $107.06. Hashdex Bitcoin ETF has a 1-year low of $71.62 and a 1-year high of $142.50.

Institutional Investors Weigh In On Hashdex Bitcoin ETF

A hedge fund recently bought a new stake in Hashdex Bitcoin ETF stock. Flow Traders U.S. LLC purchased a new stake in Hashdex Bitcoin ETF (NYSEARCA:DEFI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,025 shares of the company’s stock, valued at approximately $733,000. Flow Traders U.S. LLC owned approximately 5.02% of Hashdex Bitcoin ETF as of its most recent filing with the SEC.

Hashdex Bitcoin ETF Company Profile

The Hashdex Bitcoin Futures ETF (DEFI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund tracks an index that provides the average of the closing settlement prices for the front month bitcoin futures contracts listed on the Chicago Mercantile Exchange Inc (CME). DEFI was launched on Sep 15, 2022 and is managed by Teucrium.