Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Sees Significant Drop in Short Interest

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFXGet Free Report) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 3,100 shares, a decrease of 18.4% from the September 15th total of 3,800 shares. Based on an average daily volume of 39,900 shares, the short-interest ratio is presently 0.1 days.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Performance

NASDAQ BTFX traded up $2.84 during trading hours on Friday, hitting $27.26. 13,129 shares of the company’s stock were exchanged, compared to its average volume of 82,230. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 12-month low of $16.34 and a 12-month high of $49.79. The business’s 50 day moving average is $24.17 and its 200-day moving average is $30.37.

About Valkyrie Bitcoin Futures Leveraged Strategy ETF

(Get Free Report)

The Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures index. The fund seeks to achieve 2x daily Bitcoin index returns via Bitcoin futures contracts, mitigating risks through collateral investments and the use of reverse repurchase agreements.

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