Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Down 85.3% in January

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 6,169 shares, a decrease of 85.3% from the January 15th total of 42,097 shares. Based on an average daily trading volume, of 14,675 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 14,675 shares, the days-to-cover ratio is currently 0.4 days.

Valkyrie Bitcoin Strategy ETF Price Performance

Valkyrie Bitcoin Strategy ETF stock opened at $19.07 on Wednesday. Valkyrie Bitcoin Strategy ETF has a fifty-two week low of $17.40 and a fifty-two week high of $97.10. The firm’s 50 day simple moving average is $33.68 and its 200-day simple moving average is $65.42.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

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

Institutional Trading of Valkyrie Bitcoin Strategy ETF

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of Valkyrie Bitcoin Strategy ETF in the first quarter worth $207,000. Sloy Dahl & Holst LLC lifted its stake in Valkyrie Bitcoin Strategy ETF by 34.7% in the 2nd quarter. Sloy Dahl & Holst LLC now owns 299,210 shares of the company’s stock worth $3,938,000 after acquiring an additional 77,062 shares in the last quarter. Simplex Trading LLC boosted its position in Valkyrie Bitcoin Strategy ETF by 345.3% during the 2nd quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock worth $29,000 after acquiring an additional 1,754 shares during the period. CreativeOne Wealth LLC acquired a new stake in Valkyrie Bitcoin Strategy ETF during the 2nd quarter worth about $327,000. Finally, Flow Traders U.S. LLC purchased a new position in Valkyrie Bitcoin Strategy ETF during the 2nd quarter valued at about $147,000. Hedge funds and other institutional investors own 24.94% of the company’s stock.

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.