Short Interest in CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) Decreases By 25.0%

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:BTFX) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 1,200 shares, a decline of 25.0% from the May 15th total of 1,600 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 6,900 shares, the short-interest ratio is presently 0.2 days.

CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF Stock Down 1.8%

BTFX opened at $49.55 on Thursday. CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF has a 1-year low of $16.34 and a 1-year high of $72.53. The company has a fifty day moving average price of $47.44 and a two-hundred day moving average price of $48.57.

About CoinShares Valkyrie Bitcoin Futures Leveraged Strategy ETF

The Valkyrie Bitcoin Futures Leveraged Strategy ETF (BTFX) is an exchange-traded fund that is based on the S&P CME Bitcoin Futures index. The fund seeks to achieve 2x daily Bitcoin index returns via Bitcoin futures contracts, mitigating risks through collateral investments and the use of reverse repurchase agreements.