Short Interest in Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Decreases By 56.6%

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 189,252 shares, a decline of 56.6% from the December 15th total of 435,753 shares. Based on an average daily volume of 385,225 shares, the short-interest ratio is presently 0.5 days. Currently, 4.4% of the shares of the stock are sold short. Currently, 4.4% of the shares of the stock are sold short. Based on an average daily volume of 385,225 shares, the short-interest ratio is presently 0.5 days.

Valkyrie Bitcoin Strategy ETF Stock Down 0.5%

Shares of BTF traded down $0.03 during trading hours on Friday, hitting $5.69. The stock had a trading volume of 21,487 shares, compared to its average volume of 116,663. The company’s fifty day moving average is $9.84 and its two-hundred day moving average is $14.38. Valkyrie Bitcoin Strategy ETF has a 52 week low of $4.98 and a 52 week high of $19.42.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, December 18th. Stockholders of record on Wednesday, December 17th were issued a dividend of $7.4639 per share. The ex-dividend date of this dividend was Wednesday, December 17th.

Institutional Investors Weigh In On Valkyrie Bitcoin Strategy ETF

Large investors have recently bought and sold shares of the business. Flow Traders U.S. LLC acquired a new stake in Valkyrie Bitcoin Strategy ETF during the 2nd quarter valued at $147,000. CreativeOne Wealth LLC acquired a new stake in shares of Valkyrie Bitcoin Strategy ETF in the second quarter valued at $327,000. Simplex Trading LLC raised its holdings in shares of Valkyrie Bitcoin Strategy ETF by 345.3% in the second quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock valued at $29,000 after buying an additional 1,754 shares during the last quarter. Sloy Dahl & Holst LLC raised its holdings in shares of Valkyrie Bitcoin Strategy ETF by 34.7% in the second quarter. Sloy Dahl & Holst LLC now owns 299,210 shares of the company’s stock valued at $3,938,000 after buying an additional 77,062 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Valkyrie Bitcoin Strategy ETF during the 1st quarter worth about $207,000. 24.94% of the stock is currently owned by institutional investors.

About Valkyrie Bitcoin Strategy ETF

The Valkyrie Bitcoin Strategy ETF (BTF) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund portfolio includes CME Bitcoin Futures, treasuries, corporate bonds, and cash, and does not have direct exposure to bitcoin. BTF was launched on Oct 21, 2021 and is managed by Valkyrie.