Hashdex Bitcoin ETF (NYSEARCA:DEFI) Trading Down 2.8% – Should You Sell?

Hashdex Bitcoin ETF (NYSEARCA:DEFIGet Free Report) traded down 2.8% during mid-day trading on Tuesday . The company traded as low as $127.14 and last traded at $127.59. 2,123 shares were traded during mid-day trading, an increase of 109% from the average session volume of 1,016 shares. The stock had previously closed at $131.21.

Hashdex Bitcoin ETF Trading Down 2.8%

The company’s fifty day moving average price is $130.25 and its 200 day moving average price is $121.11.

Institutional Trading of Hashdex Bitcoin ETF

A hedge fund recently bought a new stake in Hashdex Bitcoin ETF stock. Flow Traders U.S. LLC purchased a new position in Hashdex Bitcoin ETF (NYSEARCA:DEFIFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,025 shares of the company’s stock, valued at approximately $733,000. Flow Traders U.S. LLC owned 5.02% of Hashdex Bitcoin ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Hashdex Bitcoin ETF

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The Hashdex Bitcoin Futures ETF (DEFI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund tracks an index that provides the average of the closing settlement prices for the front month bitcoin futures contracts listed on the Chicago Mercantile Exchange Inc (CME).

Further Reading

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