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

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 35,400 shares, a growth of 145.8% from the February 13th total of 14,400 shares. Based on an average trading volume of 51,600 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.4% of the company’s shares are sold short.

Valkyrie Bitcoin Strategy ETF Price Performance

NASDAQ:BTF opened at $9.91 on Friday. Valkyrie Bitcoin Strategy ETF has a 1 year low of $9.66 and a 1 year high of $26.25. The stock has a 50-day moving average price of $13.34 and a two-hundred day moving average price of $16.64.

Valkyrie Bitcoin Strategy ETF Company Profile

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.