Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Up 472.7% in January

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 18,900 shares, an increase of 472.7% from the December 31st total of 3,300 shares. Based on an average trading volume of 277,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Valkyrie Bitcoin Fund

Institutional investors have recently modified their holdings of the company. CPR Investments Inc. purchased a new position in Valkyrie Bitcoin Fund in the fourth quarter valued at $4,567,000. Virtu Financial LLC boosted its position in shares of Valkyrie Bitcoin Fund by 337.6% during the 3rd quarter. Virtu Financial LLC now owns 87,220 shares of the company’s stock worth $1,568,000 after acquiring an additional 67,287 shares in the last quarter. RPO LLC purchased a new position in shares of Valkyrie Bitcoin Fund in the 3rd quarter valued at about $974,000. Renaissance Technologies LLC acquired a new stake in shares of Valkyrie Bitcoin Fund during the 2nd quarter worth about $603,000. Finally, Susquehanna International Group LLP lifted its stake in Valkyrie Bitcoin Fund by 97.4% during the second quarter. Susquehanna International Group LLP now owns 379,739 shares of the company’s stock worth $6,452,000 after purchasing an additional 187,348 shares during the last quarter.

Valkyrie Bitcoin Fund Trading Down 0.2 %

Shares of Valkyrie Bitcoin Fund stock opened at $28.63 on Wednesday. Valkyrie Bitcoin Fund has a 52-week low of $11.86 and a 52-week high of $30.67. The company has a 50 day moving average of $27.80 and a 200 day moving average of $21.70.

About Valkyrie Bitcoin Fund

The Valkyrie Bitcoin Fund (BRRR) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Bitcoin (BTC). It will hold Bitcoin directly, secured through a cold storage wallet. BRRR was launched on Jan 10, 2024 and is issued by Valkyrie.