FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Shares Shorted: Short Interest Down 62.6% in October

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,476 shares, a decline of 62.6% from the September 30th total of 9,290 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 11,573 shares, the days-to-cover ratio is presently 0.3 days.

FT Vest Bitcoin Strategy & Target Income ETF Price Performance

Shares of DFII stock traded down $0.68 on Friday, reaching $13.06. 5,802 shares of the company’s stock were exchanged, compared to its average volume of 10,077. The company’s fifty day simple moving average is $13.84 and its 200 day simple moving average is $13.65. FT Vest Bitcoin Strategy & Target Income ETF has a 52 week low of $10.91 and a 52 week high of $22.62.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DFII. Independent Financial Group LLC purchased a new stake in FT Vest Bitcoin Strategy & Target Income ETF during the 1st quarter worth approximately $831,000. Insight Advisors LLC PA lifted its stake in shares of FT Vest Bitcoin Strategy & Target Income ETF by 35.1% during the first quarter. Insight Advisors LLC PA now owns 181,464 shares of the company’s stock worth $2,413,000 after buying an additional 47,100 shares during the period. Winnacle Wealth LLC increased its position in shares of FT Vest Bitcoin Strategy & Target Income ETF by 134.1% in the 3rd quarter. Winnacle Wealth LLC now owns 59,789 shares of the company’s stock valued at $855,000 after acquiring an additional 34,245 shares during the period. Western Wealth Management LLC purchased a new position in FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter worth $147,000. Finally, Kestra Advisory Services LLC lifted its position in FT Vest Bitcoin Strategy & Target Income ETF by 12.9% during the 1st quarter. Kestra Advisory Services LLC now owns 18,223 shares of the company’s stock worth $242,000 after acquiring an additional 2,089 shares during the period.

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