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

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 8,515 shares, a decline of 65.5% from the July 15th total of 24,688 shares. Based on an average trading volume of 3,694 shares, the short-interest ratio is currently 2.3 days. Approximately 1.1% of the shares of the stock are short sold.

Valkyrie Bitcoin Strategy ETF Trading Up 0.2%

Shares of Valkyrie Bitcoin Strategy ETF stock traded up $0.03 during mid-day trading on Friday, reaching $17.18. 1,601 shares of the stock were exchanged, compared to its average volume of 10,578. The firm has a 50-day simple moving average of $16.83 and a 200 day simple moving average of $19.05. Valkyrie Bitcoin Strategy ETF has a fifty-two week low of $15.00 and a fifty-two week high of $97.10.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 17th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, June 17th.

Institutional Trading of Valkyrie Bitcoin Strategy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in Valkyrie Bitcoin Strategy ETF during the 4th quarter valued at about $675,000. Flow Traders U.S. LLC acquired a new stake in shares of Valkyrie Bitcoin Strategy ETF during the 2nd quarter worth approximately $147,000. Finally, Sloy Dahl & Holst LLC grew its position in shares of Valkyrie Bitcoin Strategy ETF by 2.5% during the 4th quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock worth $1,592,000 after buying an additional 7,536 shares during the period. 24.94% of the stock is currently owned by institutional investors and hedge funds.

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.