Hashdex Bitcoin ETF (NYSEARCA:DEFI) Short Interest Down 27.8% in April

Hashdex Bitcoin ETF (NYSEARCA:DEFI) saw a large drop in short interest in April. As of April 15th, there was short interest totaling 4,061 shares, a drop of 27.8% from the March 31st total of 5,622 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 679 shares, the short-interest ratio is presently 6.0 days.

Hashdex Bitcoin ETF Stock Performance

Shares of NYSEARCA DEFI traded up $2.28 during trading hours on Friday, reaching $88.88. 192 shares of the stock traded hands, compared to its average volume of 629. Hashdex Bitcoin ETF has a 52-week low of $71.62 and a 52-week high of $142.50. The company’s 50-day simple moving average is $80.85 and its two-hundred day simple moving average is $95.53.

Hashdex Bitcoin ETF Company Profile

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). DEFI was launched on Sep 15, 2022 and is managed by Teucrium.