Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Short Interest Update

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a large growth in short interest in 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.

Hedge Funds Weigh In On Valkyrie Bitcoin Futures Leveraged Strategy ETF

An institutional investor recently bought a new position 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 its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned approximately 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Up 5.6 %

BTFX traded up $2.89 during midday trading on Tuesday, reaching $54.57. The company had a trading volume of 6,611 shares, compared to its average volume of 18,638. The business has a 50-day moving average price of $55.93 and a two-hundred day moving average price of $37.04. 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.