Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Update

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

Hedge Funds Weigh In On Valkyrie Bitcoin Fund

A number of large investors have recently modified their holdings of the company. Virtu Financial LLC lifted its position in Valkyrie Bitcoin Fund by 337.6% during the third quarter. Virtu Financial LLC now owns 87,220 shares of the company’s stock valued at $1,568,000 after purchasing an additional 67,287 shares during the last quarter. RPO LLC bought a new stake in Valkyrie Bitcoin Fund during the third quarter valued at approximately $974,000. Susquehanna International Group LLP raised its stake in shares of 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 acquiring an additional 187,348 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Valkyrie Bitcoin Fund during the second quarter worth approximately $603,000.

Valkyrie Bitcoin Fund Price Performance

Shares of BRRR traded down $0.73 during trading hours on Monday, hitting $26.05. The company’s stock had a trading volume of 181,609 shares, compared to its average volume of 364,247. The business has a 50 day simple moving average of $26.58 and a two-hundred day simple moving average of $20.77. Valkyrie Bitcoin Fund has a 52-week low of $10.94 and a 52-week high of $30.67.

Valkyrie Bitcoin Fund Company Profile

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.