Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Shares Down 5.4% – Here’s What Happened

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF)’s stock price fell 5.4% on Thursday . The company traded as low as $13.90 and last traded at $13.92. 26,464 shares were traded during mid-day trading, a decline of 33% from the average session volume of 39,733 shares. The stock had previously closed at $14.71.

Valkyrie Bitcoin Strategy ETF Stock Performance

The firm has a 50 day moving average price of $16.94 and a two-hundred day moving average price of $15.45.

Valkyrie Bitcoin Strategy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Thursday, September 18th were paid a dividend of $0.06 per share. This is a boost from Valkyrie Bitcoin Strategy ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, September 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.7%.

Hedge Funds Weigh In On Valkyrie Bitcoin Strategy ETF

Institutional investors have recently made changes to their positions in the business. Simplex Trading LLC boosted its stake in shares of Valkyrie Bitcoin Strategy ETF by 345.3% during the 2nd quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock valued at $29,000 after buying an additional 1,754 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Valkyrie Bitcoin Strategy ETF in the first quarter worth $64,000. Flow Traders U.S. LLC acquired a new stake in Valkyrie Bitcoin Strategy ETF in the second quarter valued at $147,000. Jane Street Group LLC bought a new position in Valkyrie Bitcoin Strategy ETF during the 1st quarter valued at $207,000. Finally, CreativeOne Wealth LLC bought a new position in Valkyrie Bitcoin Strategy ETF during the 2nd quarter valued at $327,000. 24.94% of the stock is owned by institutional investors and hedge funds.

Valkyrie Bitcoin Strategy ETF Company Profile

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.