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

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

Hedge Funds Weigh In On Valkyrie Bitcoin Futures Leveraged Strategy ETF

A hedge fund recently bought a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC purchased a new stake in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent quarter.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Up 4.0 %

Shares of BTFX traded up $1.95 during mid-day trading on Wednesday, hitting $50.70. The company’s stock had a trading volume of 6,333 shares, compared to its average volume of 23,839. The firm has a 50-day simple moving average of $57.24 and a 200 day simple moving average of $41.21. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 1-year low of $16.34 and a 1-year high of $72.53.

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.