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

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 600 shares, an increase 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.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Trading Up 9.3 %

Shares of NASDAQ:BTFX traded up $4.60 during trading on Friday, hitting $54.30. The stock had a trading volume of 62,479 shares, compared to its average volume of 78,027. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 12-month low of $16.34 and a 12-month high of $56.48. The stock has a 50-day simple moving average of $30.79 and a two-hundred day simple moving average of $30.24.

Institutional Inflows and Outflows

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) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,193 shares of the company’s stock, valued at approximately $678,000. Jane Street Group LLC owned approximately 3.55% of Valkyrie Bitcoin Futures Leveraged Strategy ETF at the end of the most recent quarter.

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.