CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Short Interest Up 112.8% in December

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFXGet Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 51,007 shares, an increase of 112.8% from the November 30th total of 23,974 shares. Currently, 20.4% of the shares of the stock are sold short. Based on an average daily volume of 7,699 shares, the days-to-cover ratio is currently 6.6 days. Based on an average daily volume of 7,699 shares, the days-to-cover ratio is currently 6.6 days. Currently, 20.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC acquired a new stake in shares of CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFXFree Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,077 shares of the company’s stock, valued at approximately $321,000. Jane Street Group LLC owned about 2.17% of CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF as of its most recent SEC filing.

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Performance

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 1-year low of $27.38 and a 1-year high of $72.53. The business’s 50 day simple moving average is $38.30 and its two-hundred day simple moving average is $50.93.

About CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF

(Get Free Report)

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. BTFX was launched on Feb 21, 2024 and is issued by Valkyrie.

Further Reading

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