Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Update

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 115,800 shares, anincreaseof58.0% from the July 31st total of 73,300 shares. Based on an average trading volume of 40,300 shares, the days-to-cover ratio is presently 2.9 days. Based on an average trading volume of 40,300 shares, the days-to-cover ratio is presently 2.9 days.

Valkyrie Bitcoin Strategy ETF Stock Up 1.3%

Shares of BTF opened at $17.54 on Monday. Valkyrie Bitcoin Strategy ETF has a fifty-two week low of $8.53 and a fifty-two week high of $26.25. The firm’s 50 day moving average price is $16.45 and its 200 day moving average price is $13.22.

Valkyrie Bitcoin Strategy ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 17th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 17th.

Institutional Investors Weigh In On Valkyrie Bitcoin Strategy ETF

Several large investors have recently added to or reduced their stakes in BTF. Sloy Dahl & Holst LLC increased its stake in Valkyrie Bitcoin Strategy ETF by 34.7% during the 2nd quarter. Sloy Dahl & Holst LLC now owns 299,210 shares of the company’s stock worth $3,938,000 after buying an additional 77,062 shares during the period. CreativeOne Wealth LLC purchased a new stake in Valkyrie Bitcoin Strategy ETF during the 2nd quarter worth approximately $327,000. Jane Street Group LLC purchased a new stake in Valkyrie Bitcoin Strategy ETF during the 1st quarter worth approximately $207,000. Flow Traders U.S. LLC purchased a new stake in Valkyrie Bitcoin Strategy ETF during the 2nd quarter worth approximately $147,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Valkyrie Bitcoin Strategy ETF in the 1st quarter valued at approximately $64,000. 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.