Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Stock Price Down 3.2% – Here’s What Happened

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTFGet Free Report)’s share price dropped 3.2% on Friday . The company traded as low as $17.01 and last traded at $17.13. Approximately 3,255 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 11,043 shares. The stock had previously closed at $17.69.

Valkyrie Bitcoin Strategy ETF Stock Down 3.2%

The business’s 50 day moving average is $17.14 and its 200-day moving average is $19.76.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 17th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%.

Institutional Investors Weigh In On Valkyrie Bitcoin Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BTF. Sloy Dahl & Holst LLC increased its stake in shares of Valkyrie Bitcoin Strategy ETF by 2.5% in the fourth quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock worth $1,592,000 after purchasing an additional 7,536 shares during the period. Flow Traders U.S. LLC bought a new stake in Valkyrie Bitcoin Strategy ETF during the 2nd quarter valued at approximately $147,000. Finally, Jane Street Group LLC bought a new stake in Valkyrie Bitcoin Strategy ETF during the 1st quarter valued at approximately $207,000. 24.94% of the stock is owned by institutional investors and hedge funds.

Valkyrie Bitcoin Strategy ETF Company Profile

(Get Free Report)

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.

Further Reading

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