Short Interest in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Declines By 35.7%

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 2,700 shares, a drop of 35.7% from the February 28th total of 4,200 shares. Based on an average daily volume of 24,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC acquired a new position in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned approximately 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 Valkyrie Bitcoin Futures Leveraged Strategy ETF stock traded up $0.03 during trading on Monday, reaching $35.52. 6,123 shares of the company’s stock were exchanged, compared to its average volume of 44,602. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 1-year low of $16.34 and a 1-year high of $72.53. The firm’s 50-day moving average price is $45.97 and its 200 day moving average price is $45.04.

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.