Short Interest in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Declines By 31.6%

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 1,300 shares, a decrease of 31.6% from the November 30th total of 1,900 shares. Based on an average daily trading volume, of 50,600 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors 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 purchased a new position in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned approximately 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF as of its most recent filing with the SEC.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Down 0.6 %

NASDAQ BTFX traded down $0.33 during trading hours on Monday, reaching $53.40. The company’s stock had a trading volume of 43,830 shares, compared to its average volume of 74,674. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 52 week low of $16.34 and a 52 week high of $72.53. The firm has a fifty day simple moving average of $50.96 and a 200-day simple moving average of $35.27.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Company Profile

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.