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

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

Valkyrie Bitcoin Strategy ETF Price Performance

Shares of BTF opened at $18.43 on Friday. Valkyrie Bitcoin Strategy ETF has a 52-week low of $9.33 and a 52-week high of $23.25. The business’s 50 day moving average price is $19.66 and its two-hundred day moving average price is $18.39.

Valkyrie Bitcoin Strategy ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 20th were issued a dividend of $0.12 per share. This is an increase from Valkyrie Bitcoin Strategy ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.48 annualized dividend and a dividend yield of 2.60%.

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.