Hashdex Bitcoin ETF (NYSEARCA:DEFI) Sees Large Drop in Short Interest

Hashdex Bitcoin ETF (NYSEARCA:DEFI) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 1,400 shares, a decline of 33.4% from the July 30th total of 2,103 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 7,617 shares, the days-to-cover ratio is currently 0.2 days.

Hashdex Bitcoin ETF Stock Performance

DEFI remained flat at $72.77 during trading on Tuesday. The company’s stock had a trading volume of 3,698 shares, compared to its average volume of 1,762. Hashdex Bitcoin ETF has a 12-month low of $66.52 and a 12-month high of $142.50. The business’s fifty day simple moving average is $71.84 and its two-hundred day simple moving average is $77.59.

About Hashdex Bitcoin ETF

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.