FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Short Interest Down 38.6% in August

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,198 shares, a drop of 38.6% from the July 30th total of 1,952 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 3,929 shares, the short-interest ratio is presently 0.3 days.

FT Vest Bitcoin Strategy & Target Income ETF Price Performance

NYSEARCA DFII traded down $0.52 during mid-day trading on Tuesday, reaching $13.25. The stock had a trading volume of 2,928 shares, compared to its average volume of 10,458. FT Vest Bitcoin Strategy & Target Income ETF has a 1 year low of $10.91 and a 1 year high of $25.73. The company has a fifty day moving average price of $12.00 and a 200 day moving average price of $13.09.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Insight Advisors LLC PA lifted its holdings in shares of FT Vest Bitcoin Strategy & Target Income ETF by 35.1% during the first quarter. Insight Advisors LLC PA now owns 181,464 shares of the company’s stock valued at $2,413,000 after purchasing an additional 47,100 shares in the last quarter. Andina Capital Management LLC increased its holdings in FT Vest Bitcoin Strategy & Target Income ETF by 12.6% in the 1st quarter. Andina Capital Management LLC now owns 138,929 shares of the company’s stock worth $1,848,000 after buying an additional 15,531 shares in the last quarter. Independent Financial Group LLC purchased a new position in FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter worth about $831,000. Kestra Advisory Services LLC raised its position in FT Vest Bitcoin Strategy & Target Income ETF by 12.9% in the 1st quarter. Kestra Advisory Services LLC now owns 18,223 shares of the company’s stock worth $242,000 after buying an additional 2,089 shares during the last quarter. Finally, Maridea Wealth Management LLC bought a new position in FT Vest Bitcoin Strategy & Target Income ETF during the 1st quarter valued at about $194,000.

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