Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Sees Large Growth in Short Interest

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 61,500 shares, an increase of 942.4% from the December 31st total of 5,900 shares. Based on an average trading volume of 45,800 shares, the short-interest ratio is currently 1.3 days.

Valkyrie Bitcoin Strategy ETF Price Performance

Shares of NASDAQ:BTF traded down $0.13 during trading on Tuesday, hitting $14.42. The company had a trading volume of 19,688 shares, compared to its average volume of 48,740. The company has a fifty day simple moving average of $19.33 and a two-hundred day simple moving average of $17.81. Valkyrie Bitcoin Strategy ETF has a one year low of $13.09 and a one year high of $26.25.

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.