Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Update

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the recipient of a significant growth in short interest in 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 trading volume of 277,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BRRR. Susquehanna International Group LLP increased its position in Valkyrie Bitcoin Fund by 97.4% during the 2nd quarter. Susquehanna International Group LLP now owns 379,739 shares of the company’s stock valued at $6,452,000 after purchasing an additional 187,348 shares during the period. Virtu Financial LLC boosted its holdings 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 valued at $1,568,000 after buying an additional 67,287 shares in the last quarter. RPO LLC bought a new stake in shares of Valkyrie Bitcoin Fund during the 3rd quarter valued at $974,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Valkyrie Bitcoin Fund during the 2nd quarter valued at $603,000.

Valkyrie Bitcoin Fund Stock Down 2.7 %

Shares of NASDAQ BRRR traded down $0.73 during mid-day trading on Monday, hitting $26.05. The stock had a trading volume of 181,609 shares, compared to its average volume of 364,247. Valkyrie Bitcoin Fund has a 1 year low of $10.94 and a 1 year high of $30.67. The business has a 50 day moving average price of $26.58 and a two-hundred day moving average price of $20.77.

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.