Short Interest in Hashdex Bitcoin ETF (NYSEARCA:DEFI) Increases By 507.9%

Hashdex Bitcoin ETF (NYSEARCA:DEFI) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 5,957 shares, a growth of 507.9% from the February 26th total of 980 shares. Based on an average daily volume of 721 shares, the short-interest ratio is currently 8.3 days. Approximately 5.0% of the shares of the stock are short sold. Approximately 5.0% of the shares of the stock are short sold. Based on an average daily volume of 721 shares, the short-interest ratio is currently 8.3 days.

Hashdex Bitcoin ETF Stock Performance

DEFI remained flat at $78.82 during trading on Wednesday. The company’s stock had a trading volume of 1,116 shares, compared to its average volume of 750. The company’s 50 day moving average price is $84.93 and its 200 day moving average price is $104.32. Hashdex Bitcoin ETF has a 52-week low of $71.62 and a 52-week high of $142.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hashdex Bitcoin ETF stock. Flow Traders U.S. LLC acquired 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. The institutional investor acquired 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 Company Profile

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.