Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Sees Significant Decrease in Short Interest

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 4,200 shares, a decline of 47.5% from the February 13th total of 8,000 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 28,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Valkyrie Bitcoin Futures Leveraged Strategy ETF

A hedge fund recently bought a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC bought a new position in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned approximately 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent reporting period.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Price Performance

NASDAQ:BTFX traded up $3.64 during midday trading on Friday, hitting $36.85. 8,142 shares of the stock were exchanged, compared to its average volume of 52,669. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a one year low of $16.34 and a one year high of $72.53. The business has a 50-day moving average price of $50.13 and a two-hundred day moving average price of $43.60.

About Valkyrie Bitcoin Futures Leveraged Strategy ETF

The Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures index. The fund seeks to achieve 2x daily Bitcoin index returns via Bitcoin futures contracts, mitigating risks through collateral investments and the use of reverse repurchase agreements.