CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Short Interest Up 85.7% in August

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 2,600 shares, an increase of 85.7% from the August 15th total of 1,400 shares. Based on an average daily volume of 8,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.9% of the shares of the stock are sold short. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 8,100 shares, the short-interest ratio is currently 0.3 days.

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Performance

NASDAQ:BTFX opened at $60.24 on Friday. CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF has a twelve month low of $21.50 and a twelve month high of $72.53. The company has a 50-day moving average of $59.90 and a 200-day moving average of $49.69.

Hedge Funds Weigh In On CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF

An institutional investor recently bought a new position in CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC acquired a new stake in shares of CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,077 shares of the company’s stock, valued at approximately $321,000. Jane Street Group LLC owned approximately 2.17% of CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent quarter.

CoinShares 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.