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 recipient of a large increase in short interest in 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 daily trading volume, of 46,600 shares, the days-to-cover ratio is presently 0.1 days.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Price Performance

Shares of NASDAQ BTFX traded down $0.08 during midday trading on Thursday, reaching $58.41. The company’s stock had a trading volume of 9,816 shares, compared to its average volume of 16,996. The firm has a 50 day moving average price of $56.78 and a 200-day moving average price of $37.37. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 12-month low of $16.34 and a 12-month high of $72.53.

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 bought a new position in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) during the third quarter, according to its most recent filing with the SEC. The fund bought 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 reporting period.

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.