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

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 61,500 shares, an increase of 942.4% from the December 31st total of 5,900 shares. Based on an average daily volume of 45,800 shares, the days-to-cover ratio is presently 1.3 days.

Valkyrie Bitcoin Strategy ETF Stock Performance

Shares of NASDAQ BTF traded down $0.13 during midday trading on Tuesday, reaching $14.42. The stock had a trading volume of 19,688 shares, compared to its average volume of 48,740. Valkyrie Bitcoin Strategy ETF has a 12-month low of $13.09 and a 12-month high of $26.25. The stock has a 50-day moving average of $19.33 and a 200-day moving average of $17.81.

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.