Fortuna Hedged Bitcoin ETF (BATS:HBTC) Sees Large Drop in Short Interest

Fortuna Hedged Bitcoin ETF (BATS:HBTC) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 75 shares, a drop of 88.5% from the August 15th total of 655 shares. Based on an average daily trading volume, of 82 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the shares of the company are short sold.

Fortuna Hedged Bitcoin ETF Price Performance

Shares of BATS HBTC traded down $0.24 during midday trading on Thursday, reaching $20.66. The company’s stock had a trading volume of 16 shares, compared to its average volume of 500. The firm has a 50 day moving average price of $18.87 and a 200-day moving average price of $19.31. Fortuna Hedged Bitcoin ETF has a 12-month low of $17.19 and a 12-month high of $32.03.

Fortuna Hedged Bitcoin ETF Company Profile

Listed Funds Trust – Fortuna Hedged Bitcoin Fund is an exchange traded fund launched by Listed Funds Trust. It invests in public equity and currency markets. For its equity portion, it invests directly and through derivatives in stocks of companies operating across diversified sectors. The fund uses derivatives such as options and futures to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its currency portion, it invests through derivatives in bitcoin.