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

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 600 shares, a growth of 50.0% from the October 15th total of 400 shares. Based on an average daily volume of 35,800 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of 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 purchased a new stake in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF as of its most recent filing with the SEC.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Up 9.3 %

Shares of BTFX traded up $4.60 during mid-day trading on Friday, hitting $54.30. 62,479 shares of the stock were exchanged, compared to its average volume of 78,027. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 52-week low of $16.34 and a 52-week high of $56.48. The firm has a 50-day moving average of $30.79 and a two-hundred day moving average of $30.24.

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.