Short Interest in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Rises By 200.0%

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,800 shares, a growth of 200.0% from the October 31st total of 600 shares. Based on an average daily volume of 44,600 shares, the short-interest ratio is currently 0.0 days.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Performance

Shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF stock traded up $7.45 on Wednesday, hitting $60.24. 72,639 shares of the company’s stock traded hands, compared to its average volume of 77,756. The firm’s 50-day moving average price is $35.74 and its two-hundred day moving average price is $31.56. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a one year low of $16.34 and a one year high of $64.00.

Institutional Investors Weigh In On Valkyrie Bitcoin Futures Leveraged Strategy ETF

A hedge fund recently bought a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC purchased a new position in shares of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the third quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

About Valkyrie Bitcoin Futures Leveraged Strategy ETF

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.