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

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,048 shares, a decrease of 94.3% from the February 26th total of 18,323 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 13,917 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 13,917 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On FT Vest Bitcoin Strategy & Target Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DFII. Insight Advisors LLC PA lifted its position in FT Vest Bitcoin Strategy & Target Income ETF by 163.9% in the third quarter. Insight Advisors LLC PA now owns 118,200 shares of the company’s stock valued at $2,848,000 after purchasing an additional 73,403 shares during the last quarter. Andina Capital Management LLC purchased a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the third quarter worth $1,601,000. Jaffetilchin Investment Partners LLC purchased a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the second quarter worth $488,000. SteelPeak Wealth LLC bought a new stake in FT Vest Bitcoin Strategy & Target Income ETF during the 3rd quarter valued at $409,000. Finally, Capital CS Group LLC purchased a new stake in FT Vest Bitcoin Strategy & Target Income ETF during the 4th quarter valued at $228,000.

FT Vest Bitcoin Strategy & Target Income ETF Stock Performance

Shares of NYSEARCA DFII traded up $0.32 during trading hours on Wednesday, reaching $13.93. 2,824 shares of the stock traded hands, compared to its average volume of 10,905. The company’s 50-day simple moving average is $14.83 and its two-hundred day simple moving average is $18.70. FT Vest Bitcoin Strategy & Target Income ETF has a 52-week low of $12.34 and a 52-week high of $26.52.

FT Vest Bitcoin Strategy & Target Income ETF Company Profile

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