Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Sees Significant Drop in Short Interest

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 14,600 shares, a drop of 36.0% from the October 31st total of 22,800 shares. Based on an average daily trading volume, of 31,000 shares, the short-interest ratio is currently 0.5 days.

Valkyrie Bitcoin Strategy ETF Price Performance

BTF traded up $1.70 during trading on Thursday, reaching $23.64. 41,330 shares of the stock traded hands, compared to its average volume of 51,167. The stock’s 50-day simple moving average is $18.00 and its two-hundred day simple moving average is $18.07. Valkyrie Bitcoin Strategy ETF has a fifty-two week low of $12.40 and a fifty-two week high of $23.69.

Valkyrie Bitcoin Strategy ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 19th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, September 19th. This represents a $0.48 annualized dividend and a dividend yield of 2.03%.

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.