FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Short Interest Update

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,581 shares, an increase of 1,576.0% from the April 30th total of 154 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 14,301 shares, the short-interest ratio is currently 0.2 days.

FT Vest Bitcoin Strategy & Target Income ETF Stock Performance

NYSEARCA:DFII traded down $0.19 on Wednesday, reaching $14.20. The stock had a trading volume of 20,465 shares, compared to its average volume of 10,898. The company has a 50-day moving average of $14.28 and a 200 day moving average of $15.88. FT Vest Bitcoin Strategy & Target Income ETF has a 12-month low of $12.34 and a 12-month high of $26.52.

Hedge Funds Weigh In On FT Vest Bitcoin Strategy & Target Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DFII. Insight Advisors LLC PA boosted its position in FT Vest Bitcoin Strategy & Target Income ETF by 163.9% in the 3rd quarter. Insight Advisors LLC PA now owns 118,200 shares of the company’s stock valued at $2,848,000 after buying an additional 73,403 shares during the last quarter. Independent Financial Group LLC purchased a new position in FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter valued at about $831,000. Andina Capital Management LLC boosted its position in FT Vest Bitcoin Strategy & Target Income ETF by 85.7% in the 4th quarter. Andina Capital Management LLC now owns 123,398 shares of the company’s stock valued at $2,203,000 after buying an additional 56,939 shares during the last quarter. Maridea Wealth Management LLC purchased a new position in FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter valued at about $194,000. Finally, Capital CS Group LLC purchased a new position in FT Vest Bitcoin Strategy & Target Income ETF in the 4th quarter valued at about $228,000.

About FT Vest Bitcoin Strategy & Target Income ETF

The First Trust Exchange-Traded Fund, specifically the FT Vest Bitcoin Strategy & Target Income ETF (DFII), aims to provide income with a secondary goal of partial participation in bitcoin returns. It uses options strategies to achieve this without directly investing in bitcoin