FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) Stock Short Interest Jumps 77.0%

FT Vest Bitcoin Strategy & Target Income ETF (NYSEARCA:DFII) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 9,290 shares, a growth of 77.0% from the September 15th total of 5,250 shares. Based on an average daily volume of 8,598 shares, the short-interest ratio is currently 1.1 days. Currently, 0.6% of the shares of the company are sold short.

FT Vest Bitcoin Strategy & Target Income ETF Stock Up 0.8%

FT Vest Bitcoin Strategy & Target Income ETF stock traded up $0.11 during midday trading on Thursday, reaching $13.88. 13,834 shares of the company traded hands, compared to its average volume of 10,246. The business has a 50 day moving average of $13.42 and a two-hundred day moving average of $13.16. FT Vest Bitcoin Strategy & Target Income ETF has a 12 month low of $10.91 and a 12 month high of $23.71.

Institutional Investors Weigh In On FT Vest Bitcoin Strategy & Target Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC bought a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF during the 1st quarter valued at $147,000. Maridea Wealth Management LLC purchased a new position in shares of FT Vest Bitcoin Strategy & Target Income ETF in the 1st quarter worth $194,000. Kestra Advisory Services LLC boosted its stake in shares of 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 worth $242,000 after buying an additional 2,089 shares during the last quarter. Winnacle Wealth LLC grew its holdings in shares of FT Vest Bitcoin Strategy & Target Income ETF by 134.1% in the third quarter. Winnacle Wealth LLC now owns 59,789 shares of the company’s stock worth $855,000 after acquiring an additional 34,245 shares during the period. Finally, Independent Financial Group LLC bought a new stake in shares of FT Vest Bitcoin Strategy & Target Income ETF in the first quarter worth $831,000.

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