Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Sees Large Growth in Short Interest

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 13,426 shares, a growth of 117.6% from the January 29th total of 6,169 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 24,863 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 24,863 shares, the short-interest ratio is presently 0.5 days. Currently, 1.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CreativeOne Wealth LLC acquired a new stake in shares of Valkyrie Bitcoin Strategy ETF during the second quarter worth $327,000. Simplex Trading LLC raised its stake in Valkyrie Bitcoin Strategy ETF by 345.3% in the 2nd quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock worth $29,000 after purchasing an additional 1,754 shares in the last quarter. Jane Street Group LLC acquired a new stake in Valkyrie Bitcoin Strategy ETF in the 4th quarter worth about $675,000. Flow Traders U.S. LLC bought a new stake in Valkyrie Bitcoin Strategy ETF in the 2nd quarter valued at about $147,000. Finally, Sloy Dahl & Holst LLC grew its position in shares of Valkyrie Bitcoin Strategy ETF by 2.5% during the 4th quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock worth $1,592,000 after purchasing an additional 7,536 shares in the last quarter. 24.94% of the stock is owned by institutional investors and hedge funds.

Valkyrie Bitcoin Strategy ETF Stock Down 2.7%

BTF traded down $0.51 on Friday, reaching $18.41. The company had a trading volume of 935 shares, compared to its average volume of 19,149. Valkyrie Bitcoin Strategy ETF has a fifty-two week low of $17.34 and a fifty-two week high of $97.10. The company’s fifty day moving average is $23.84 and its 200 day moving average is $60.30.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, December 17th were issued a dividend of $37.3196 per share. The ex-dividend date of this dividend was Wednesday, December 17th.

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.