Short Interest in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Decreases By 35.7%

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 2,700 shares, a decrease of 35.7% from the February 28th total of 4,200 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 24,100 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 purchased a new position in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the third quarter, according to 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 about 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent reporting period.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Down 8.0 %

Shares of NASDAQ:BTFX opened at $35.56 on Friday. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a fifty-two week low of $16.34 and a fifty-two week high of $72.53. The firm’s 50 day moving average price is $45.97 and its 200 day moving average price is $44.87.

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.