Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Sees Large Drop in Short Interest

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTFGet Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 8,515 shares, a drop of 65.5% from the July 15th total of 24,688 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 3,694 shares, the short-interest ratio is currently 2.3 days.

Valkyrie Bitcoin Strategy ETF Stock Up 0.2%

Shares of BTF stock traded up $0.03 on Friday, hitting $17.18. The company’s stock had a trading volume of 1,601 shares, compared to its average volume of 10,578. Valkyrie Bitcoin Strategy ETF has a fifty-two week low of $15.00 and a fifty-two week high of $97.10. The firm’s fifty day moving average price is $16.83 and its 200-day moving average price is $19.05.

Valkyrie Bitcoin Strategy ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of Valkyrie Bitcoin Strategy ETF in the 1st quarter valued at approximately $207,000. Flow Traders U.S. LLC acquired a new position in Valkyrie Bitcoin Strategy ETF during the second quarter valued at approximately $147,000. Finally, Sloy Dahl & Holst LLC raised its position 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 valued at $1,592,000 after purchasing an additional 7,536 shares during the period. Institutional investors and hedge funds own 24.94% of the company’s stock.

About Valkyrie Bitcoin Strategy ETF

(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.

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