Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Sees Large Growth in Short Interest

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 13,100 shares, a growth of 167.3% from the June 15th total of 4,900 shares. Based on an average trading volume of 36,200 shares, the short-interest ratio is currently 0.4 days.

Valkyrie Bitcoin Strategy ETF Trading Down 0.2 %

Shares of BTF stock opened at $17.33 on Friday. Valkyrie Bitcoin Strategy ETF has a 1 year low of $9.33 and a 1 year high of $23.25. The stock has a fifty day moving average of $19.44 and a two-hundred day moving average of $18.01.

Valkyrie Bitcoin Strategy ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 20th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, June 20th. This is a positive change from Valkyrie Bitcoin Strategy ETF’s previous quarterly dividend of $0.09.

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.