Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Short Interest Up 400.0% in February

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 8,000 shares, a growth of 400.0% from the January 31st total of 1,600 shares. Based on an average daily volume of 33,900 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Valkyrie Bitcoin Futures Leveraged Strategy ETF

A hedge fund recently bought a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC bought a new position in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned approximately 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent reporting period.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Price Performance

Shares of NASDAQ:BTFX traded up $1.13 during midday trading on Friday, hitting $37.92. The stock had a trading volume of 12,144 shares, compared to its average volume of 20,919. The company’s 50-day moving average price is $53.63 and its 200-day moving average price is $42.66. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a fifty-two week low of $16.34 and a fifty-two week high of $72.53.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Company Profile

The Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures index. The fund seeks to achieve 2x daily Bitcoin index returns via Bitcoin futures contracts, mitigating risks through collateral investments and the use of reverse repurchase agreements.