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

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 1,600 shares, a decrease of 66.0% from the January 15th total of 4,700 shares. Based on an average trading volume of 45,800 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of 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 stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) during the third quarter, according to its most recent 13F filing with the SEC. The firm 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 2.6 %

Valkyrie Bitcoin Futures Leveraged Strategy ETF stock traded down $1.31 during midday trading on Thursday, hitting $49.40. 2,971 shares of the company’s stock were exchanged, compared to its average volume of 23,120. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 12 month low of $16.34 and a 12 month high of $72.53. The firm has a 50-day moving average of $57.24 and a two-hundred day moving average of $41.21.

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.