Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Short Interest Up 159.3% in March

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 7,000 shares, an increase of 159.3% from the March 15th total of 2,700 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 17,500 shares, the short-interest ratio is presently 0.4 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 acquired a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 Price Performance

Shares of NASDAQ:BTFX traded up $0.61 during mid-day trading on Thursday, reaching $35.32. The stock had a trading volume of 1,303 shares, compared to its average volume of 41,382. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 1 year low of $16.34 and a 1 year high of $72.53. The business’s 50 day moving average price is $39.04 and its 200 day moving average price is $45.51.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Company Profile

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.