Short Interest in Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Declines By 33.6%

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 9,700 shares, a decline of 33.6% from the November 15th total of 14,600 shares. Based on an average daily volume of 33,600 shares, the days-to-cover ratio is currently 0.3 days.

Valkyrie Bitcoin Strategy ETF Stock Up 1.4 %

Shares of BTF stock opened at $25.01 on Friday. Valkyrie Bitcoin Strategy ETF has a 52-week low of $12.40 and a 52-week high of $25.70. The firm’s 50-day moving average is $19.93 and its 200-day moving average is $18.45.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, September 19th.

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.