Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Sees Significant Decrease in Short Interest

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 26,700 shares, a decrease of 8.9% from the March 31st total of 29,300 shares. Based on an average trading volume of 67,300 shares, the days-to-cover ratio is presently 0.4 days.

Valkyrie Bitcoin Strategy ETF Stock Performance

Shares of BTF stock remained flat at $18.64 on Monday. 14,636 shares of the stock traded hands, compared to its average volume of 80,094. The business has a 50-day simple moving average of $19.80 and a 200 day simple moving average of $15.83. Valkyrie Bitcoin Strategy ETF has a fifty-two week low of $9.33 and a fifty-two week high of $23.25.

Valkyrie Bitcoin Strategy ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.088 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.35 annualized dividend and a dividend yield of 1.89%.

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.