Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Trading 1.4% Higher – Here’s What Happened

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) traded up 1.4% during mid-day trading on Wednesday . The stock traded as high as $18.02 and last traded at $17.70. 16,367 shares changed hands during trading, a decline of 55% from the average session volume of 36,775 shares. The stock had previously closed at $17.46.

Valkyrie Bitcoin Strategy ETF Stock Performance

The firm’s 50 day simple moving average is $16.72 and its 200 day simple moving average is $13.31.

Valkyrie Bitcoin Strategy ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 17th.

Institutional Trading of Valkyrie Bitcoin Strategy ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new position in Valkyrie Bitcoin Strategy ETF in the 2nd quarter worth about $147,000. CreativeOne Wealth LLC bought a new position in Valkyrie Bitcoin Strategy ETF in the 2nd quarter worth about $327,000. Simplex Trading LLC grew its stake in Valkyrie Bitcoin Strategy ETF by 345.3% in the 2nd quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock worth $29,000 after acquiring an additional 1,754 shares in the last quarter. Sloy Dahl & Holst LLC grew its stake in Valkyrie Bitcoin Strategy ETF by 34.7% in the 2nd quarter. Sloy Dahl & Holst LLC now owns 299,210 shares of the company’s stock worth $3,938,000 after acquiring an additional 77,062 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Valkyrie Bitcoin Strategy ETF in the 1st quarter worth about $207,000. 24.94% of the stock is currently owned by institutional investors.

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.