Valkyrie Bitcoin Fund (NASDAQ:BRRR) Sees Large Decline in Short Interest

Posted by James Nelson on Dec 14th, 2024

Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 4,400 shares, a drop of 46.3% from the November 15th total of 8,200 shares. Based on an average daily trading volume, of 233,600 shares, the days-to-cover ratio is currently 0.0 days.

Valkyrie Bitcoin Fund Trading Up 1.7 %

BRRR traded up $0.48 during trading on Friday, reaching $28.79. 249,765 shares of the company’s stock were exchanged, compared to its average volume of 370,090. The firm has a fifty day moving average price of $23.13 and a two-hundred day moving average price of $19.55. Valkyrie Bitcoin Fund has a one year low of $10.94 and a one year high of $29.38.

Institutional Trading of Valkyrie Bitcoin Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new stake in shares of Valkyrie Bitcoin Fund in the 2nd quarter valued at about $603,000. Susquehanna International Group LLP lifted its stake in shares of Valkyrie Bitcoin Fund by 97.4% in 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 during the period. RPO LLC bought a new stake in Valkyrie Bitcoin Fund in the third quarter valued at approximately $974,000. Finally, Virtu Financial LLC increased its position in 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 purchasing an additional 67,287 shares during the period.

Valkyrie Bitcoin Fund Company Profile

(Get Free Report)

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.