Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Short Interest Down 24.3% in October

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 22,800 shares, a drop of 24.3% from the October 15th total of 30,100 shares. Based on an average daily trading volume, of 24,200 shares, the days-to-cover ratio is presently 0.9 days.

Valkyrie Bitcoin Strategy ETF Stock Up 2.1 %

BTF traded up $0.44 during trading on Friday, reaching $21.30. The company had a trading volume of 76,280 shares, compared to its average volume of 51,221. Valkyrie Bitcoin Strategy ETF has a 52 week low of $12.40 and a 52 week high of $23.25. The business has a 50 day simple moving average of $16.69 and a 200-day simple moving average of $17.79.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 19th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, September 19th.

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.