Hashdex Bitcoin ETF (NYSEARCA:DEFI) Short Interest Up 1,680.0% in February

Hashdex Bitcoin ETF (NYSEARCA:DEFI) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 178 shares, an increase of 1,680.0% from the January 29th total of 10 shares. Based on an average daily volume of 1,652 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,652 shares, the days-to-cover ratio is currently 0.1 days.

Hashdex Bitcoin ETF Price Performance

Shares of NYSEARCA DEFI traded up $5.32 during mid-day trading on Wednesday, reaching $78.40. 1,172 shares of the company traded hands, compared to its average volume of 891. Hashdex Bitcoin ETF has a fifty-two week low of $71.62 and a fifty-two week high of $142.50. The stock has a fifty day simple moving average of $93.00 and a 200-day simple moving average of $111.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hashdex Bitcoin ETF stock. Flow Traders U.S. LLC bought a new position in Hashdex Bitcoin ETF (NYSEARCA:DEFI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,025 shares of the company’s stock, valued at approximately $733,000. Flow Traders U.S. LLC owned about 5.02% of Hashdex Bitcoin ETF as of its most recent SEC filing.

About Hashdex Bitcoin ETF

The Hashdex Bitcoin Futures ETF (DEFI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund tracks an index that provides the average of the closing settlement prices for the front month bitcoin futures contracts listed on the Chicago Mercantile Exchange Inc (CME). DEFI was launched on Sep 15, 2022 and is managed by Teucrium.