Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) Shares Down 1.9% – Time to Sell?

Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF)’s stock price was down 1.9% during trading on Tuesday . The company traded as low as $15.91 and last traded at $16.18. Approximately 4,071 shares changed hands during trading, a decline of 70% from the average daily volume of 13,430 shares. The stock had previously closed at $16.50.

Valkyrie Bitcoin Strategy ETF Stock Up 2.8%

The company’s 50 day simple moving average is $20.10 and its two-hundred day simple moving average is $26.84.

Valkyrie Bitcoin Strategy ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Thursday, March 19th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.24 dividend on an annualized basis and a yield of 1.5%.

Institutional Trading of Valkyrie Bitcoin Strategy ETF

Several large investors have recently bought and sold shares of BTF. Jane Street Group LLC acquired a new position in shares of Valkyrie Bitcoin Strategy ETF in the 4th quarter worth approximately $675,000. Flow Traders U.S. LLC purchased a new position in Valkyrie Bitcoin Strategy ETF during the 2nd quarter valued at about $147,000. Finally, Sloy Dahl & Holst LLC grew 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 buying an additional 7,536 shares in the last quarter. Hedge funds and other institutional investors own 24.94% of the company’s stock.

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.