Short Interest in Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Drops By 39.2%

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 5,900 shares, a drop of 39.2% from the November 30th total of 9,700 shares. Based on an average trading volume of 39,400 shares, the days-to-cover ratio is currently 0.1 days.

Valkyrie Bitcoin Strategy ETF Price Performance

Shares of BTF stock opened at $14.81 on Friday. The stock has a 50-day moving average of $20.84 and a 200-day moving average of $18.45. Valkyrie Bitcoin Strategy ETF has a 1-year low of $12.40 and a 1-year high of $26.25.

Valkyrie Bitcoin Strategy ETF Company Profile

The Valkyrie Bitcoin Strategy ETF (BTF) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund portfolio includes CME Bitcoin Futures, treasuries, corporate bonds, and cash, and does not have direct exposure to bitcoin. BTF was launched on Oct 21, 2021 and is managed by Valkyrie.