Hashdex Bitcoin ETF (NYSEARCA:DEFI) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Hashdex Bitcoin ETF (NYSEARCA:DEFIGet Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $87.25 and traded as high as $112.95. Hashdex Bitcoin ETF shares last traded at $112.94, with a volume of 580 shares changing hands.

Hashdex Bitcoin ETF Stock Performance

The firm has a 50 day moving average price of $88.84 and a 200-day moving average price of $77.59.

Insiders Place Their Bets

In other Hashdex Bitcoin ETF news, insider Michael Jeremy Venuto sold 498 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $107.08, for a total value of $53,325.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hashdex Bitcoin ETF Company Profile

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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).

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