Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Update

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 8,515 shares, a decline of 65.5% from the July 15th total of 24,688 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 3,694 shares, the days-to-cover ratio is currently 2.3 days.

Valkyrie Bitcoin Strategy ETF Price Performance

Shares of Valkyrie Bitcoin Strategy ETF stock traded up $0.07 during trading on Friday, reaching $17.22. The company’s stock had a trading volume of 3,182 shares, compared to its average volume of 10,589. Valkyrie Bitcoin Strategy ETF has a 52-week low of $15.00 and a 52-week high of $97.10. The firm’s 50-day moving average is $16.86 and its two-hundred day moving average is $19.04.

Valkyrie Bitcoin Strategy ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 17th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, June 17th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BTF. Sloy Dahl & Holst LLC boosted its holdings in Valkyrie Bitcoin Strategy ETF by 2.5% during the 4th quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock valued at $1,592,000 after acquiring an additional 7,536 shares during the period. Flow Traders U.S. LLC purchased a new position in Valkyrie Bitcoin Strategy ETF in the 2nd quarter worth approximately $147,000. Finally, Jane Street Group LLC purchased a new position in Valkyrie Bitcoin Strategy ETF in the 1st quarter worth approximately $207,000. Hedge funds and other institutional investors own 24.94% of the company’s stock.

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.