Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Sees Significant Increase in Short Interest

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 33,948 shares, a growth of 62.9% from the February 26th total of 20,834 shares. Based on an average daily volume of 11,693 shares, the short-interest ratio is currently 2.9 days. Approximately 4.4% of the company’s shares are short sold.

Valkyrie Bitcoin Strategy ETF Stock Performance

Shares of BTF stock opened at $18.42 on Friday. The business has a 50-day moving average of $20.71 and a 200 day moving average of $50.10. Valkyrie Bitcoin Strategy ETF has a 1-year low of $17.34 and a 1-year high of $97.10.

Valkyrie Bitcoin Strategy ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Thursday, March 19th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sloy Dahl & Holst LLC increased its stake in Valkyrie Bitcoin Strategy ETF by 2.5% during the 4th quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock valued at $1,592,000 after purchasing an additional 7,536 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Valkyrie Bitcoin Strategy ETF in the second quarter worth approximately $147,000. Jane Street Group LLC bought a new position in shares of Valkyrie Bitcoin Strategy ETF in the first quarter worth approximately $207,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of Valkyrie Bitcoin Strategy ETF during the second quarter valued at approximately $327,000. 24.94% of the stock is currently owned by institutional investors.

About Valkyrie Bitcoin Strategy ETF

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.