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

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 61,500 shares, a growth of 942.4% from the December 15th total of 5,900 shares. Based on an average daily trading volume, of 45,800 shares, the days-to-cover ratio is currently 1.3 days.

Valkyrie Bitcoin Strategy ETF Stock Performance

BTF traded up $0.48 during midday trading on Wednesday, reaching $15.06. 20,734 shares of the company were exchanged, compared to its average volume of 47,420. Valkyrie Bitcoin Strategy ETF has a one year low of $12.40 and a one year high of $26.25. The company’s fifty day moving average price is $20.29 and its 200 day moving average price is $17.98.

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.