Valkyrie Bitcoin Fund (NASDAQ:BRRR) Sees Significant Increase in Short Interest

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 18,900 shares, an increase of 472.7% from the December 31st total of 3,300 shares. Based on an average daily trading volume, of 277,400 shares, the short-interest ratio is currently 0.1 days.

Valkyrie Bitcoin Fund Price Performance

Valkyrie Bitcoin Fund stock traded down $0.05 during trading on Tuesday, reaching $28.63. The company had a trading volume of 339,547 shares, compared to its average volume of 398,044. The stock’s 50 day moving average price is $27.74 and its two-hundred day moving average price is $21.61. Valkyrie Bitcoin Fund has a 12-month low of $11.86 and a 12-month high of $30.67.

Institutional Investors Weigh In On Valkyrie Bitcoin Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CPR Investments Inc. purchased a new position in Valkyrie Bitcoin Fund in the fourth quarter valued at approximately $4,567,000. Virtu Financial LLC boosted 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 worth $1,568,000 after purchasing an additional 67,287 shares during the period. RPO LLC acquired a new stake in Valkyrie Bitcoin Fund in the 3rd quarter valued at $974,000. Susquehanna International Group LLP raised its position in Valkyrie Bitcoin Fund by 97.4% in the second 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, Renaissance Technologies LLC acquired a new position in shares of Valkyrie Bitcoin Fund during the second quarter worth about $603,000.

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.