Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Up 234.6% in September

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 331,300 shares, an increase of 234.6% from the September 15th total of 99,000 shares. Based on an average trading volume of 48,000 shares, the short-interest ratio is currently 6.9 days. Based on an average trading volume of 48,000 shares, the short-interest ratio is currently 6.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BTF. Simplex Trading LLC boosted its position in Valkyrie Bitcoin Strategy ETF by 345.3% in the 2nd quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock valued at $29,000 after buying an additional 1,754 shares during the last quarter. Larson Financial Group LLC bought a new position in Valkyrie Bitcoin Strategy ETF in the 1st quarter valued at $64,000. Flow Traders U.S. LLC bought a new position in Valkyrie Bitcoin Strategy ETF in the 2nd quarter valued at $147,000. Jane Street Group LLC bought a new position in Valkyrie Bitcoin Strategy ETF in the 1st quarter valued at $207,000. Finally, CreativeOne Wealth LLC bought a new position in Valkyrie Bitcoin Strategy ETF in the 2nd quarter valued at $327,000. 24.94% of the stock is currently owned by institutional investors.

Valkyrie Bitcoin Strategy ETF Stock Performance

NASDAQ BTF opened at $16.02 on Monday. Valkyrie Bitcoin Strategy ETF has a one year low of $8.53 and a one year high of $26.25. The stock’s 50 day simple moving average is $17.79 and its 200 day simple moving average is $14.67.

Valkyrie Bitcoin Strategy ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Thursday, September 18th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, September 18th. This is a positive change from Valkyrie Bitcoin Strategy ETF’s previous quarterly dividend of $0.05.

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.