Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Short Interest Update

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,700 shares, a decrease of 35.7% from the February 28th total of 4,200 shares. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Trading of Valkyrie Bitcoin Futures Leveraged Strategy ETF

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

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Performance

Shares of BTFX stock traded down $3.08 during trading on Friday, reaching $35.56. The company’s stock had a trading volume of 4,808 shares, compared to its average volume of 44,756. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a one year low of $16.34 and a one year high of $72.53. The business has a fifty day moving average price of $45.97 and a 200-day moving average price of $44.72.

About Valkyrie Bitcoin Futures Leveraged Strategy ETF

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.