Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Sees Significant Increase in Short Interest

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,100 shares, an increase of 138.5% from the December 15th total of 1,300 shares. Based on an average trading volume of 46,600 shares, the days-to-cover ratio is presently 0.1 days.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Up 6.6 %

Valkyrie Bitcoin Futures Leveraged Strategy ETF stock traded up $3.62 during trading on Wednesday, hitting $58.49. The company had a trading volume of 11,927 shares, compared to its average volume of 18,092. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 1-year low of $16.34 and a 1-year high of $72.53. The company’s 50 day simple moving average is $56.78 and its 200-day simple moving average is $37.37.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC bought a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned approximately 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF as of its most recent SEC filing.

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.