Short Interest in Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Increases By 942.4%

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 61,500 shares, an increase of 942.4% from the December 15th total of 5,900 shares. Based on an average daily volume of 45,800 shares, the days-to-cover ratio is presently 1.3 days.

Valkyrie Bitcoin Strategy ETF Stock Down 5.5 %

Valkyrie Bitcoin Strategy ETF stock traded down $0.80 during midday trading on Monday, reaching $13.73. 28,632 shares of the company traded hands, compared to its average volume of 51,035. The business has a 50 day moving average of $20.37 and a two-hundred day moving average of $18.04. Valkyrie Bitcoin Strategy ETF has a 12 month low of $12.40 and a 12 month high of $26.25.

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.