FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Sees Large Increase in Short Interest

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 14,208 shares, a growth of 308.7% from the October 15th total of 3,476 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 6,431 shares, the short-interest ratio is currently 2.2 days.

FT Vest Bitcoin Strategy & Target Income ETF Stock Up 1.0%

Shares of FT Vest Bitcoin Strategy & Target Income ETF stock opened at $12.54 on Thursday. The stock’s fifty day moving average is $13.71 and its 200 day moving average is $13.40. FT Vest Bitcoin Strategy & Target Income ETF has a one year low of $10.91 and a one year high of $21.25.

Institutional Trading of FT Vest Bitcoin Strategy & Target Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DFII. Insight Advisors LLC PA lifted its position in shares of FT Vest Bitcoin Strategy & Target Income ETF by 4.8% during the 3rd quarter. Insight Advisors LLC PA now owns 199,352 shares of the company’s stock valued at $2,852,000 after buying an additional 9,131 shares in the last quarter. Independent Financial Group LLC purchased a new stake in FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter worth approximately $831,000. Winnacle Wealth LLC raised its stake in FT Vest Bitcoin Strategy & Target Income ETF by 134.1% during the 3rd quarter. Winnacle Wealth LLC now owns 59,789 shares of the company’s stock worth $855,000 after acquiring an additional 34,245 shares during the period. Kestra Advisory Services LLC raised its stake in FT Vest Bitcoin Strategy & Target Income ETF by 15.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 22,947 shares of the company’s stock worth $328,000 after acquiring an additional 3,018 shares during the period. Finally, Western Wealth Management LLC bought a new stake in FT Vest Bitcoin Strategy & Target Income ETF during the 1st quarter worth approximately $147,000.

About FT Vest Bitcoin Strategy & Target Income ETF

The First Trust Exchange-Traded Fund, specifically the FT Vest Bitcoin Strategy & Target Income ETF (DFII), aims to provide income with a secondary goal of partial participation in bitcoin returns. It uses options strategies to achieve this without directly investing in bitcoin