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

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

Valkyrie Bitcoin Strategy ETF Stock Performance

BTF stock opened at $14.81 on Friday. Valkyrie Bitcoin Strategy ETF has a 12-month low of $12.40 and a 12-month high of $26.25. The firm’s 50-day moving average price is $20.84 and its two-hundred day moving average price is $18.45.

About Valkyrie Bitcoin Strategy ETF

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.