Valkyrie Bitcoin ETF Sees Short Interest Plunge by 41.2%

Valkyrie Bitcoin Strategy ETF (BTF) experienced a significant decline in short interest for April. As of April 30th, short interest totaled 15,700 shares, a notable 41.2% drop from the April 15th figure of 26,700 shares.

Valkyrie Bitcoin Strategy ETF Experiences Significant Decline in Short Interest

The Valkyrie Bitcoin Strategy ETF (NASDAQ: BTF) has witnessed a notable decrease in short interest during the month of April. As of April 30th, short interest totaled 15,700 shares, representing a 41.2% decline from the 26,700 shares reported on April 15th. Calculated against the average daily trading volume of 63,200 shares, the current days-to-cover ratio stands at 0.2 days.

Stock Performance and Technical Indicators

BTF opened at $17.44 on Friday, May 13th. The stock's 50-day moving average is currently $19.82, while its 200-day moving average is $16.30. Over the past 52 weeks, the Valkyrie Bitcoin Strategy ETF has fluctuated between a low of $9.33 and a high of $23.25.

Dividend Distribution and Yield

The company recently announced a quarterly dividend, which was distributed on Wednesday, March 27th. Shareholders of record as of Thursday, March 21st, received a dividend of $0.088 per share. The ex-dividend date was Wednesday, March 20th. This dividend translates to an annualized dividend yield of $0.35 and a yield of approximately 2.02%.

About Valkyrie Bitcoin Strategy ETF

The Valkyrie Bitcoin Strategy ETF (BTF) is an exchange-traded fund that primarily invests in long bitcoin and short USD currency. Its portfolio comprises CME Bitcoin Futures, Treasuries, corporate bonds, and cash. It is important to note that the fund does not have direct exposure to bitcoin. BTF was launched on October 21st, 2021, and is managed by Valkyrie.

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