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

Hashdex Bitcoin ETF (NYSEARCA:DEFI) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,400 shares, a drop of 33.4% from the July 30th total of 2,103 shares. Based on an average daily trading volume, of 7,617 shares, the short-interest ratio is currently 0.2 days. Approximately 1.2% of the company’s shares are sold short.

Hashdex Bitcoin ETF Price Performance

DEFI stock remained flat at $72.77 during midday trading on Tuesday. 3,698 shares of the company traded hands, compared to its average volume of 1,762. The company’s fifty day moving average price is $71.84 and its two-hundred day moving average price is $77.59. Hashdex Bitcoin ETF has a 1-year low of $66.52 and a 1-year high of $142.50.

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.