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

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) saw 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 Price Performance

Shares of BTF stock opened at $24.66 on Friday. The stock has a 50 day simple moving average of $19.74 and a 200-day simple moving average of $18.42. Valkyrie Bitcoin Strategy ETF has a 12-month low of $12.40 and a 12-month high of $25.70.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 19th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.95%. 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.