Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Short Interest Update

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,800 shares, a growth of 200.0% from the October 31st total of 600 shares. Based on an average daily volume of 44,600 shares, the short-interest ratio is currently 0.0 days.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Up 12.4 %

BTFX traded up $6.53 during midday trading on Thursday, hitting $59.32. 89,520 shares of the company were exchanged, compared to its average volume of 77,869. The firm’s 50 day moving average price is $36.46 and its 200-day moving average price is $31.75. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 1-year low of $16.34 and a 1-year high of $64.00.

Hedge Funds Weigh In On Valkyrie Bitcoin Futures Leveraged Strategy ETF

An institutional investor recently bought a new position in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC bought a new stake in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF as of its most recent filing with the Securities and Exchange Commission.

About Valkyrie Bitcoin Futures Leveraged Strategy ETF

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.