Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Sees Significant Increase in Short Interest

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a significant growth in short interest in 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 trading volume, of 33,900 shares, the days-to-cover ratio is presently 0.2 days.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Price Performance

BTFX stock opened at $37.54 on Friday. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 12-month low of $16.34 and a 12-month high of $72.53. The stock’s 50 day simple moving average is $53.24 and its 200 day simple moving average is $42.75.

Hedge Funds Weigh In On Valkyrie Bitcoin Futures Leveraged Strategy ETF

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

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.