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

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 3,100 shares, a growth of 138.5% from the December 31st total of 1,300 shares. Based on an average daily trading volume, of 46,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned about 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent reporting period.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Trading Up 1.3 %

Shares of NASDAQ BTFX traded up $0.79 during midday trading on Thursday, hitting $60.10. The company’s stock had a trading volume of 7,836 shares, compared to its average volume of 27,923. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 1-year low of $16.34 and a 1-year high of $72.53. The firm’s fifty day moving average price is $58.51 and its 200-day moving average price is $39.86.

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.