Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Short Interest Up 138.5% in January

Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 3,100 shares, a growth of 138.5% from the December 31st total of 1,300 shares. Based on an average daily volume of 46,600 shares, the days-to-cover ratio is currently 0.1 days.

Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Up 2.1 %

BTFX traded up $1.17 during trading on Wednesday, hitting $57.07. The company’s stock had a trading volume of 6,376 shares, compared to its average volume of 28,737. Valkyrie Bitcoin Futures Leveraged Strategy ETF has a twelve month low of $16.34 and a twelve month high of $72.53. The business’s fifty day simple moving average is $58.52 and its 200 day simple moving average is $39.58.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Valkyrie Bitcoin Futures Leveraged Strategy ETF stock. Jane Street Group LLC acquired a new stake in Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

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.