Hashdex Bitcoin ETF (NYSEARCA:DEFI) Sees Large Decrease in Short Interest

Hashdex Bitcoin ETF (NYSEARCA:DEFI) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 3,686 shares, a decline of 52.3% from the May 31st total of 7,733 shares. Based on an average daily volume of 9,364 shares, the days-to-cover ratio is presently 0.4 days. Approximately 3.1% of the company’s stock are short sold.

Hashdex Bitcoin ETF Price Performance

Shares of Hashdex Bitcoin ETF stock remained flat at $68.40 during mid-day trading on Tuesday. 73 shares of the company’s stock traded hands, compared to its average volume of 1,408. Hashdex Bitcoin ETF has a 1 year low of $67.10 and a 1 year high of $142.50. The firm’s 50 day moving average is $81.19 and its 200-day moving average is $85.81.

Hashdex Bitcoin ETF Company Profile

The Hashdex Bitcoin Futures ETF (DEFI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund tracks an index that provides the average of the closing settlement prices for the front month bitcoin futures contracts listed on the Chicago Mercantile Exchange Inc (CME). DEFI was launched on Sep 15, 2022 and is managed by Teucrium.