Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) to Issue Dividend of $7.46

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) declared a dividend on Tuesday, December 16th, NASDAQ Dividends reports. Investors of record on Wednesday, December 17th will be paid a dividend of 7.4639 per share on Thursday, December 18th. The ex-dividend date of this dividend is Wednesday, December 17th.

Valkyrie Bitcoin Strategy ETF Price Performance

Shares of BTF traded down $7.63 during trading hours on Wednesday, reaching $5.06. 378,289 shares of the company traded hands, compared to its average volume of 42,374. The business has a fifty day moving average price of $14.73 and a 200-day moving average price of $15.60. Valkyrie Bitcoin Strategy ETF has a 12-month low of $5.01 and a 12-month high of $25.23.

Institutional Trading of Valkyrie Bitcoin Strategy ETF

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Valkyrie Bitcoin Strategy ETF during the first quarter worth about $207,000. Sloy Dahl & Holst LLC lifted its holdings in shares of Valkyrie Bitcoin Strategy ETF by 34.7% during the second quarter. Sloy Dahl & Holst LLC now owns 299,210 shares of the company’s stock worth $3,938,000 after purchasing an additional 77,062 shares during the period. Simplex Trading LLC lifted its holdings in shares of Valkyrie Bitcoin Strategy ETF by 345.3% during the second quarter. Simplex Trading LLC now owns 2,262 shares of the company’s stock worth $29,000 after purchasing an additional 1,754 shares during the period. CreativeOne Wealth LLC acquired a new position in Valkyrie Bitcoin Strategy ETF in the 2nd quarter valued at $327,000. Finally, Flow Traders U.S. LLC purchased a new position in Valkyrie Bitcoin Strategy ETF during the 2nd quarter worth $147,000. Hedge funds and other institutional investors own 24.94% of the company’s stock.

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.