Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 3,500 shares, a decrease of 91.8% from the January 31st total of 42,900 shares. Based on an average trading volume of 416,800 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On Valkyrie Bitcoin Fund
A number of institutional investors and hedge funds have recently modified their holdings of BRRR. CoreCap Advisors LLC lifted its position in shares of Valkyrie Bitcoin Fund by 61.3% during the 4th quarter. CoreCap Advisors LLC now owns 968 shares of the company’s stock valued at $26,000 after acquiring an additional 368 shares during the period. Discipline Wealth Solutions LLC acquired a new position in shares of Valkyrie Bitcoin Fund during the fourth quarter valued at about $235,000. RPO LLC bought a new position in shares of Valkyrie Bitcoin Fund during the 3rd quarter worth about $974,000. Farringdon Capital Ltd. acquired a new stake in shares of Valkyrie Bitcoin Fund in the 4th quarter valued at about $1,098,000. Finally, Virtu Financial LLC increased its position in Valkyrie Bitcoin Fund by 337.6% in 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.
Valkyrie Bitcoin Fund Stock Performance
Shares of BRRR stock traded down $0.27 during mid-day trading on Thursday, hitting $23.58. The company’s stock had a trading volume of 1,344,313 shares, compared to its average volume of 528,371. The company’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $23.15. Valkyrie Bitcoin Fund has a 52 week low of $14.02 and a 52 week high of $30.67.
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.
Featured Stories
- Five stocks we like better than Valkyrie Bitcoin Fund
- Upcoming IPO Stock Lockup Period, Explained
- Volatility Is Back: 3 Stocks To Cushion the S&P 500’s Swings
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- 2 Catalysts That Could Push NVIDIA Stock Up 30% This Year
- What Does a Stock Split Mean?
- Do GM Stock Buybacks Make the Stock Buyable For Investors?
Receive News & Ratings for Valkyrie Bitcoin Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valkyrie Bitcoin Fund and related companies with MarketBeat.com's FREE daily email newsletter.
