Hashdex Bitcoin ETF (NYSEARCA:DEFI) Sees Large Growth in Short Interest

Hashdex Bitcoin ETF (NYSEARCA:DEFI) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 20 shares, an increase of 100.0% from the December 31st total of 10 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,137 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 1,137 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Hashdex Bitcoin ETF

A hedge fund recently bought a new stake in Hashdex Bitcoin ETF stock. Flow Traders U.S. LLC purchased a new position in shares of Hashdex Bitcoin ETF (NYSEARCA:DEFI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,025 shares of the company’s stock, valued at approximately $733,000. Flow Traders U.S. LLC owned about 5.02% of Hashdex Bitcoin ETF as of its most recent SEC filing.

Hashdex Bitcoin ETF Price Performance

DEFI traded down $0.08 during trading on Friday, reaching $94.88. 549 shares of the stock were exchanged, compared to its average volume of 722. The stock’s 50 day moving average price is $101.53 and its two-hundred day moving average price is $118.24. Hashdex Bitcoin ETF has a twelve month low of $87.04 and a twelve month high of $142.50.

About Hashdex Bitcoin ETF

The Hashdex Bitcoin Futures ETF (DEFI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund tracks an index that provides the average of the closing settlement prices for the front month bitcoin futures contracts listed on the Chicago Mercantile Exchange Inc (CME). DEFI was launched on Sep 15, 2022 and is managed by Teucrium.