Hashdex Bitcoin ETF (NYSEARCA:DEFI) Shares Down 0.8% – Here’s Why

Shares of Hashdex Bitcoin ETF (NYSEARCA:DEFI) were down 0.8% on Thursday . The company traded as low as $100.42 and last traded at $101.08. Approximately 307 shares were traded during trading, a decline of 66% from the average daily volume of 908 shares. The stock had previously closed at $101.94.

Hashdex Bitcoin ETF Price Performance

The business’s fifty day moving average price is $101.78 and its 200-day moving average price is $119.05.

Institutional Trading of Hashdex Bitcoin ETF

An institutional investor recently bought a new position in Hashdex Bitcoin ETF stock. Flow Traders U.S. LLC bought a new position in Hashdex Bitcoin ETF (NYSEARCA:DEFI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,025 shares of the company’s stock, valued at approximately $733,000. Flow Traders U.S. LLC owned approximately 5.02% of Hashdex Bitcoin ETF at the end of the most recent quarter.

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.