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

Hashdex Bitcoin ETF (NYSEARCA:DEFI) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 3,686 shares, a decline of 52.3% from the May 31st total of 7,733 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average daily trading volume, of 9,364 shares, the days-to-cover ratio is currently 0.4 days.

Hashdex Bitcoin ETF Price Performance

DEFI remained flat at $68.40 during midday trading on Tuesday. 73 shares of the company’s stock were exchanged, compared to its average volume of 1,408. Hashdex Bitcoin ETF has a 52-week low of $67.10 and a 52-week high of $142.50. The business’s 50-day moving average price is $81.19 and its 200-day moving average price is $85.81.

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.