Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Down 8.9% in April

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 26,700 shares, a decline of 8.9% from the March 31st total of 29,300 shares. Based on an average daily volume of 67,300 shares, the days-to-cover ratio is presently 0.4 days.

Valkyrie Bitcoin Strategy ETF Stock Performance

Shares of BTF stock remained flat at $18.64 on Monday. The company had a trading volume of 14,636 shares, compared to its average volume of 80,094. The firm has a 50-day moving average of $19.80 and a 200 day moving average of $15.83. Valkyrie Bitcoin Strategy ETF has a 52-week low of $9.33 and a 52-week high of $23.25.

Valkyrie Bitcoin Strategy ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were paid a $0.088 dividend. This represents a $0.35 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Wednesday, March 20th.

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.