Hashdex Bitcoin ETF (NYSEARCA:DEFI) Stock Price Down 0.8% – Should You Sell?

Hashdex Bitcoin ETF (NYSEARCA:DEFI)’s stock price was down 0.8% on Thursday . The stock traded as low as $100.42 and last traded at $101.08. Approximately 307 shares changed hands during trading, a decline of 66% from the average daily volume of 908 shares. The stock had previously closed at $101.94.

Hashdex Bitcoin ETF Price Performance

The stock’s 50 day moving average is $101.88 and its 200-day moving average is $119.20.

Institutional Investors Weigh In On Hashdex Bitcoin ETF

An institutional investor recently bought a new position in Hashdex Bitcoin ETF stock. Flow Traders U.S. LLC bought a new stake in shares of Hashdex Bitcoin ETF (NYSEARCA:DEFI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,025 shares of the company’s stock, valued at approximately $733,000. Flow Traders U.S. LLC owned 5.02% of Hashdex Bitcoin ETF as of its most recent filing with the Securities and Exchange Commission.

About Hashdex Bitcoin ETF

The Hashdex Bitcoin Futures ETF (DEFI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund tracks an index that provides the average of the closing settlement prices for the front month bitcoin futures contracts listed on the Chicago Mercantile Exchange Inc (CME). DEFI was launched on Sep 15, 2022 and is managed by Teucrium.