Short Interest in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Increases By 200.0%

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 1,800 shares, a growth of 200.0% from the October 31st total of 600 shares. Based on an average daily volume of 44,600 shares, the short-interest ratio is currently 0.0 days.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Price Performance

Shares of NASDAQ:BTFX traded up $7.45 during trading on Wednesday, reaching $60.24. The company had a trading volume of 72,639 shares, compared to its average volume of 77,756. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 12 month low of $16.34 and a 12 month high of $64.00. The company has a fifty day moving average of $35.74 and a two-hundred day moving average of $31.56.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC bought a new position in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned approximately 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF as of its most recent filing with the SEC.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Company Profile

The Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures index. The fund seeks to achieve 2x daily Bitcoin index returns via Bitcoin futures contracts, mitigating risks through collateral investments and the use of reverse repurchase agreements.