FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Sees Large Growth in Short Interest

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 16,211 shares, a growth of 68.6% from the December 15th total of 9,613 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 9,239 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 9,239 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFII. Capital CS Group LLC acquired a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF during the fourth quarter worth $228,000. Larson Financial Group LLC acquired a new stake in shares of FT Vest Bitcoin Strategy & Target Income ETF during the 3rd quarter valued at approximately $72,000. Cresset Asset Management LLC bought a new position in FT Vest Bitcoin Strategy & Target Income ETF during the third quarter worth $224,000. Insight Advisors LLC PA boosted its holdings in FT Vest Bitcoin Strategy & Target Income ETF by 163.9% in the third quarter. Insight Advisors LLC PA now owns 118,200 shares of the company’s stock worth $2,848,000 after purchasing an additional 73,403 shares during the period. Finally, Andina Capital Management LLC bought a new stake in FT Vest Bitcoin Strategy & Target Income ETF during the third quarter valued at $1,601,000.

FT Vest Bitcoin Strategy & Target Income ETF Trading Up 0.3%

Shares of NYSEARCA:DFII traded up $0.06 during trading on Friday, reaching $18.99. The company had a trading volume of 6,202 shares, compared to its average volume of 12,618. The stock’s fifty day moving average price is $18.38 and its 200 day moving average price is $22.08. FT Vest Bitcoin Strategy & Target Income ETF has a fifty-two week low of $16.88 and a fifty-two week high of $26.52.

FT Vest Bitcoin Strategy & Target Income ETF Company Profile

The First Trust Exchange-Traded Fund, specifically the FT Vest Bitcoin Strategy & Target Income ETF (DFII), aims to provide income with a secondary goal of partial participation in bitcoin returns. It uses options strategies to achieve this without directly investing in bitcoin