Short Interest in Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Increases By 70.2%

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 22,300 shares, a growth of 70.2% from the June 30th total of 13,100 shares. Based on an average daily volume of 33,300 shares, the short-interest ratio is currently 0.7 days.

Valkyrie Bitcoin Strategy ETF Stock Performance

Shares of BTF stock opened at $18.43 on Friday. Valkyrie Bitcoin Strategy ETF has a fifty-two week low of $9.33 and a fifty-two week high of $23.25. The stock’s fifty day moving average is $19.66 and its two-hundred day moving average is $18.39.

Valkyrie Bitcoin Strategy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 20th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Thursday, June 20th. This is a boost from Valkyrie Bitcoin Strategy ETF’s previous quarterly dividend of $0.09.

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.