Short Interest in FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Drops By 38.6%

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,198 shares, a decline of 38.6% from the July 30th total of 1,952 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 3,929 shares, the short-interest ratio is currently 0.3 days.

FT Vest Bitcoin Strategy & Target Income ETF Stock Performance

NYSEARCA DFII opened at $13.56 on Monday. FT Vest Bitcoin Strategy & Target Income ETF has a fifty-two week low of $10.91 and a fifty-two week high of $25.73. The business has a 50 day moving average price of $11.97 and a two-hundred day moving average price of $13.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Insight Advisors LLC PA grew its holdings in FT Vest Bitcoin Strategy & Target Income ETF by 35.1% during the 1st quarter. Insight Advisors LLC PA now owns 181,464 shares of the company’s stock valued at $2,413,000 after purchasing an additional 47,100 shares in the last quarter. Andina Capital Management LLC lifted its holdings in FT Vest Bitcoin Strategy & Target Income ETF by 12.6% in the 1st quarter. Andina Capital Management LLC now owns 138,929 shares of the company’s stock worth $1,848,000 after buying an additional 15,531 shares in the last quarter. Independent Financial Group LLC acquired a new position in FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter worth $831,000. Kestra Advisory Services LLC boosted its position in FT Vest Bitcoin Strategy & Target Income ETF by 12.9% in the 1st quarter. Kestra Advisory Services LLC now owns 18,223 shares of the company’s stock valued at $242,000 after buying an additional 2,089 shares during the last quarter. Finally, Maridea Wealth Management LLC purchased a new position in FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter valued at about $194,000.

About FT Vest Bitcoin Strategy & Target Income ETF

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