Short Interest in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Decreases By 66.0%

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,600 shares, a decrease of 66.0% from the January 15th total of 4,700 shares. Based on an average daily trading volume, of 45,800 shares, the days-to-cover ratio is presently 0.0 days.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Performance

BTFX stock traded up $1.95 on Wednesday, reaching $50.70. The company’s stock had a trading volume of 6,333 shares, compared to its average volume of 23,839. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 52 week low of $16.34 and a 52 week high of $72.53. The firm has a fifty day moving average of $57.24 and a two-hundred day moving average of $41.21.

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 bought 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 & Exchange Commission. The institutional investor bought 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.

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.