Shares of Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF – Get Free Report) dropped 3.1% during mid-day trading on Thursday. The company traded as low as $21.85 and last traded at $22.07. Approximately 3,859 shares were traded during trading, a decline of 60% from the average session volume of 9,724 shares. The stock had previously closed at $22.77.
Valkyrie Bitcoin Strategy ETF Stock Performance
The firm has a 50 day moving average price of $21.01 and a 200 day moving average price of $19.55.
Valkyrie Bitcoin Strategy ETF Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Thursday, September 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 17th. This is a negative change from Valkyrie Bitcoin Strategy ETF’s previous quarterly dividend of $0.06.
About Valkyrie Bitcoin Strategy ETF
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.
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