FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Shares Shorted: Short Interest Up 77.0% in September

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DFII. Western Wealth Management LLC bought a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the first quarter worth $147,000. Maridea Wealth Management LLC acquired a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter worth $194,000. Kestra Advisory Services LLC raised its holdings in FT Vest Bitcoin Strategy & Target Income ETF by 12.9% during the 1st quarter. Kestra Advisory Services LLC now owns 18,223 shares of the company’s stock worth $242,000 after buying an additional 2,089 shares during the period. Independent Financial Group LLC acquired a new stake in shares of FT Vest Bitcoin Strategy & Target Income ETF during the first quarter valued at approximately $831,000. Finally, Winnacle Wealth LLC raised its stake 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 valued at $855,000 after purchasing an additional 34,245 shares during the period.

FT Vest Bitcoin Strategy & Target Income ETF Stock Down 0.8%

Shares of FT Vest Bitcoin Strategy & Target Income ETF stock traded down $0.11 during trading on Friday, hitting $13.78. 4,326 shares of the stock were exchanged, compared to its average volume of 10,252. The stock’s fifty day moving average is $13.50 and its 200 day moving average is $13.17. FT Vest Bitcoin Strategy & Target Income ETF has a 12 month low of $10.91 and a 12 month high of $23.71.

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