Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Update

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 7,900 shares, a decrease of 92.9% from the October 15th total of 111,500 shares. Based on an average daily trading volume, of 235,000 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Valkyrie Bitcoin Fund

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new position in Valkyrie Bitcoin Fund in the 2nd quarter valued at approximately $603,000. RPO LLC acquired a new position in Valkyrie Bitcoin Fund in the 3rd quarter valued at approximately $974,000. Susquehanna International Group LLP grew its stake in shares of Valkyrie Bitcoin Fund by 97.4% in 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. Finally, Jane Street Group LLC bought a new stake in shares of Valkyrie Bitcoin Fund in the 1st quarter valued at approximately $8,669,000.

Valkyrie Bitcoin Fund Stock Performance

BRRR traded up $0.74 during trading on Tuesday, hitting $25.38. The stock had a trading volume of 461,278 shares, compared to its average volume of 378,754. Valkyrie Bitcoin Fund has a 12 month low of $10.94 and a 12 month high of $25.49. The company has a 50 day simple moving average of $18.35 and a 200-day simple moving average of $18.07.

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.