Short Interest in Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Drops By 71.8%
by Scott Moore · The Cerbat GemValkyrie Bitcoin Strategy ETF (NASDAQ:BTF – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 9,586 shares, a decline of 71.8% from the March 15th total of 33,948 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 19,007 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On Valkyrie Bitcoin Strategy ETF
Several institutional investors have recently added to or reduced their stakes in BTF. Flow Traders U.S. LLC acquired a new position in Valkyrie Bitcoin Strategy ETF in the 2nd quarter valued at about $147,000. Jane Street Group LLC acquired a new position in Valkyrie Bitcoin Strategy ETF in the 1st quarter valued at about $207,000. Finally, Sloy Dahl & Holst LLC increased its position in Valkyrie Bitcoin Strategy ETF by 2.5% in the 4th quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock valued at $1,592,000 after acquiring an additional 7,536 shares during the period. Institutional investors and hedge funds own 24.94% of the company’s stock.
Valkyrie Bitcoin Strategy ETF Stock Performance
BTF stock traded up $0.33 during trading on Friday, hitting $20.63. The company had a trading volume of 5,990 shares, compared to its average volume of 17,143. Valkyrie Bitcoin Strategy ETF has a 1-year low of $17.34 and a 1-year high of $97.10. The firm has a 50-day moving average price of $19.38 and a 200-day moving average price of $45.20.
Valkyrie Bitcoin Strategy ETF Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Thursday, March 19th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, March 19th.
Valkyrie Bitcoin Strategy ETF Company Profile
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.