Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Update

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 42,900 shares, an increase of 110.3% from the January 15th total of 20,400 shares. Based on an average trading volume of 348,400 shares, the days-to-cover ratio is presently 0.1 days.

Valkyrie Bitcoin Fund Trading Up 1.1 %

Shares of NASDAQ BRRR opened at $27.53 on Friday. Valkyrie Bitcoin Fund has a 52-week low of $14.02 and a 52-week high of $30.67. The stock has a 50 day moving average price of $28.01 and a 200 day moving average price of $22.53.

Institutional Investors Weigh In On Valkyrie Bitcoin Fund

A number of institutional investors and hedge funds have recently bought and sold shares of BRRR. Farringdon Capital Ltd. purchased a new position in shares of Valkyrie Bitcoin Fund during the fourth quarter valued at $1,098,000. RPO LLC bought a new position in Valkyrie Bitcoin Fund during the 3rd quarter worth about $974,000. 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. CPR Investments Inc. bought a new stake in shares of Valkyrie Bitcoin Fund in the 4th quarter valued at about $4,567,000. Finally, Jane Street Group LLC lifted its position in shares of Valkyrie Bitcoin Fund by 200.5% in the 4th quarter. Jane Street Group LLC now owns 222,285 shares of the company’s stock worth $5,879,000 after purchasing an additional 148,311 shares during the period.

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.