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

Hashdex Bitcoin ETF (NYSEARCA:DEFI) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 5,957 shares, an increase of 507.9% from the February 26th total of 980 shares. Currently, 5.0% of the company’s stock are sold short. Based on an average daily trading volume, of 721 shares, the days-to-cover ratio is currently 8.3 days. Based on an average daily trading volume, of 721 shares, the days-to-cover ratio is currently 8.3 days. Currently, 5.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hashdex Bitcoin ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of Hashdex Bitcoin ETF (NYSEARCA:DEFI) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 6,025 shares of the company’s stock, valued at approximately $733,000. Flow Traders U.S. LLC owned approximately 5.02% of Hashdex Bitcoin ETF at the end of the most recent quarter.

Hashdex Bitcoin ETF Stock Performance

Hashdex Bitcoin ETF stock traded down $1.31 during midday trading on Tuesday, hitting $78.82. 1,116 shares of the company were exchanged, compared to its average volume of 750. Hashdex Bitcoin ETF has a fifty-two week low of $71.62 and a fifty-two week high of $142.50. The company’s fifty day moving average price is $84.93 and its 200-day moving average price is $104.32.

About Hashdex Bitcoin ETF

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.