Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Short Interest Up 138.5% in December

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 3,100 shares, a growth of 138.5% from the December 15th total of 1,300 shares. Based on an average daily volume of 46,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC purchased a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned about 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF as of its most recent SEC filing.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Performance

Shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF stock traded up $3.62 during mid-day trading on Wednesday, hitting $58.49. The stock had a trading volume of 11,927 shares, compared to its average volume of 18,092. The firm has a 50-day moving average of $56.78 and a two-hundred day moving average of $37.37. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 12-month low of $16.34 and a 12-month high of $72.53.

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.