Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) to Issue $7.46 Dividend

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) announced a dividend on Tuesday, December 16th, NASDAQ Dividends reports. Stockholders of record on Wednesday, December 17th will be paid a dividend of 7.4639 per share on Thursday, December 18th. The ex-dividend date of this dividend is Wednesday, December 17th.

Valkyrie Bitcoin Strategy ETF Price Performance

Shares of NASDAQ BTF traded down $7.63 during mid-day trading on Wednesday, hitting $5.06. The stock had a trading volume of 378,289 shares, compared to its average volume of 42,374. The company has a 50 day moving average of $14.73 and a two-hundred day moving average of $15.60. Valkyrie Bitcoin Strategy ETF has a twelve month low of $5.01 and a twelve month high of $25.23.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BTF. CreativeOne Wealth LLC purchased a new stake in Valkyrie Bitcoin Strategy ETF in the 2nd quarter worth approximately $327,000. Sloy Dahl & Holst LLC increased its holdings in shares of Valkyrie Bitcoin Strategy ETF by 34.7% during the 2nd quarter. Sloy Dahl & Holst LLC now owns 299,210 shares of the company’s stock valued at $3,938,000 after purchasing an additional 77,062 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Valkyrie Bitcoin Strategy ETF in the 1st quarter valued at $207,000. Flow Traders U.S. LLC purchased a new stake in Valkyrie Bitcoin Strategy ETF during the second quarter worth $147,000. Finally, Simplex Trading LLC grew its position in Valkyrie Bitcoin Strategy ETF by 345.3% during the second 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 period. 24.94% of the stock is currently owned by hedge funds and other institutional investors.

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.