FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Stock Short Interest Drops 57.9%

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 5,250 shares, a decline of 57.9% from the August 31st total of 12,474 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,169 shares, the days-to-cover ratio is presently 0.7 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFII. Western Wealth Management LLC acquired a new stake in FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter worth about $147,000. Insight Advisors LLC PA raised its holdings in shares of 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 valued at $2,413,000 after acquiring an additional 47,100 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF during the first quarter valued at approximately $831,000. Kestra Advisory Services LLC lifted its position in shares of FT Vest Bitcoin Strategy & Target Income ETF by 12.9% in the first quarter. Kestra Advisory Services LLC now owns 18,223 shares of the company’s stock valued at $242,000 after acquiring an additional 2,089 shares in the last quarter. Finally, Maridea Wealth Management LLC purchased a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the first quarter valued at approximately $194,000.

FT Vest Bitcoin Strategy & Target Income ETF Trading Up 0.2%

Shares of NYSEARCA:DFII traded up $0.03 during midday trading on Tuesday, reaching $14.30. 2,806 shares of the company’s stock traded hands, compared to its average volume of 10,155. FT Vest Bitcoin Strategy & Target Income ETF has a 1 year low of $10.91 and a 1 year high of $25.73. The company has a fifty day simple moving average of $12.93 and a two-hundred day simple moving average of $13.15.

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