STKD Bitcoin & Gold ETF (NASDAQ:BTGD) Sees Significant Growth in Short Interest

STKD Bitcoin & Gold ETF (NASDAQ:BTGD) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 177,442 shares, an increase of 84.8% from the August 15th total of 96,018 shares. Based on an average daily trading volume, of 42,653 shares, the days-to-cover ratio is currently 4.2 days. Approximately 9.0% of the company’s stock are sold short.

STKD Bitcoin & Gold ETF Stock Down 3.6%

BTGD opened at $25.61 on Wednesday. STKD Bitcoin & Gold ETF has a 12 month low of $19.12 and a 12 month high of $48.86. The firm’s fifty day simple moving average is $23.87 and its 200 day simple moving average is $26.30.

About STKD Bitcoin & Gold ETF

The STKD Bitcoin & Gold ETF (BTGD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that provides combined exposure to Bitcoin and gold through futures contracts and ETPs. The fund uses leverage to stack the total return of its Bitcoin holdings with the potential returns of the gold strategy. BTGD was launched on Oct 15, 2024 and is issued by Stacked.