Hashdex Bitcoin ETF (NYSEARCA:DEFI) Sees Significant Growth in Short Interest

Hashdex Bitcoin ETF (NYSEARCA:DEFI) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 8,293 shares, an increase of 110.4% from the April 30th total of 3,941 shares. Based on an average daily trading volume, of 939 shares, the days-to-cover ratio is presently 8.8 days. Currently, 6.9% of the company’s stock are short sold.

Hashdex Bitcoin ETF Stock Down 6.2%

DEFI stock traded down $4.99 during midday trading on Tuesday, reaching $76.05. The company had a trading volume of 198 shares, compared to its average volume of 628. Hashdex Bitcoin ETF has a 1 year low of $71.62 and a 1 year high of $142.50. The company has a 50 day moving average of $84.58 and a two-hundred day moving average of $90.27.

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.