Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Trading Down 1.5% – Should You Sell?

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) fell 1.5% during trading on Friday . The company traded as low as $21.60 and last traded at $21.86. 5,459 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 10,243 shares. The stock had previously closed at $22.19.

Valkyrie Bitcoin Strategy ETF Price Performance

The company’s 50-day simple moving average is $18.24 and its 200-day simple moving average is $18.97.

Valkyrie Bitcoin Strategy ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Wednesday, June 17th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, June 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.1%.

Hedge Funds Weigh In On Valkyrie Bitcoin Strategy ETF

Large investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of Valkyrie Bitcoin Strategy ETF in the fourth quarter worth approximately $675,000. Sloy Dahl & Holst LLC boosted its holdings in shares of Valkyrie Bitcoin Strategy ETF by 2.5% during the fourth quarter. Sloy Dahl & Holst LLC now owns 305,035 shares of the company’s stock worth $1,592,000 after purchasing an additional 7,536 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in Valkyrie Bitcoin Strategy ETF during the second quarter valued at approximately $147,000. Institutional investors and hedge funds 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.