Short Interest in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Grows By 400.0%

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 8,000 shares, a growth of 400.0% from the January 31st total of 1,600 shares. Based on an average daily volume of 33,900 shares, the short-interest ratio is presently 0.2 days.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Price Performance

BTFX opened at $37.54 on Friday. The company’s 50 day simple moving average is $53.24 and its 200 day simple moving average is $42.75. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 1 year low of $16.34 and a 1 year high of $72.53.

Hedge Funds 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 purchased 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 disclosure with the Securities and Exchange Commission. The fund purchased 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent reporting period.

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.