Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Shares Down 1.5% – Should You Sell?

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) traded down 1.5% on Friday . The company traded as low as $21.60 and last traded at $21.86. Approximately 5,459 shares were traded during trading, a decline of 47% from the average daily volume of 10,243 shares. The stock had previously closed at $22.19.

Valkyrie Bitcoin Strategy ETF Price Performance

The firm’s fifty day moving average is $18.24 and its 200-day moving average is $18.97.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 17th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 17th.

Institutional Investors Weigh In On Valkyrie Bitcoin Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in BTF. Sloy Dahl & Holst LLC lifted its holdings in shares of Valkyrie Bitcoin Strategy ETF by 2.5% in the 4th quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock worth $1,592,000 after acquiring an additional 7,536 shares during the last quarter. Jane Street Group LLC acquired a new stake in Valkyrie Bitcoin Strategy ETF in the 4th quarter valued at approximately $675,000. Finally, Flow Traders U.S. LLC purchased a new stake in Valkyrie Bitcoin Strategy ETF in the second quarter valued at approximately $147,000. 24.94% of the stock is owned by hedge funds and other institutional investors.

About Valkyrie Bitcoin Strategy ETF

The Valkyrie Bitcoin Strategy ETF (BTF) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund portfolio includes CME Bitcoin Futures, treasuries, corporate bonds, and cash, and does not have direct exposure to bitcoin. BTF was launched on Oct 21, 2021 and is managed by Valkyrie.