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

Hashdex Bitcoin ETF (NYSEARCA:DEFI) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 4,061 shares, a decline of 27.8% from the March 31st total of 5,622 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily volume of 679 shares, the short-interest ratio is presently 6.0 days.

Hashdex Bitcoin ETF Trading Up 2.6%

Shares of Hashdex Bitcoin ETF stock traded up $2.28 on Friday, hitting $88.88. 192 shares of the company were exchanged, compared to its average volume of 629. The company has a 50-day moving average price of $80.85 and a 200 day moving average price of $95.53. Hashdex Bitcoin ETF has a 1-year low of $71.62 and a 1-year high of $142.50.

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.