Short Interest in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Expands By 138.5%

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 3,100 shares, a growth of 138.5% from the December 31st 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.

Institutional Trading of Valkyrie Bitcoin Futures Leveraged Strategy ETF

An institutional investor recently bought a new position in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC acquired a new position in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent quarter.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Trading Up 1.3 %

Shares of NASDAQ BTFX traded up $0.79 during trading hours on Thursday, hitting $60.10. The stock had a trading volume of 7,836 shares, compared to its average volume of 27,923. The firm’s 50-day moving average price is $58.51 and its two-hundred day moving average price is $39.86. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 52 week low of $16.34 and a 52 week high of $72.53.

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.