Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Update

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 3,500 shares, a decline of 91.8% from the January 31st total of 42,900 shares. Based on an average daily volume of 416,800 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Valkyrie Bitcoin Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC lifted its stake in shares of Valkyrie Bitcoin Fund by 61.3% in 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 last quarter. Discipline Wealth Solutions LLC acquired a new stake in shares of Valkyrie Bitcoin Fund in the 4th quarter worth about $235,000. RPO LLC bought a new stake in shares of Valkyrie Bitcoin Fund in the 3rd quarter worth $974,000. Farringdon Capital Ltd. bought a new stake in Valkyrie Bitcoin Fund during the fourth quarter worth $1,098,000. Finally, Virtu Financial LLC increased its stake in shares of 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 last quarter.

Valkyrie Bitcoin Fund Stock Performance

Shares of NASDAQ BRRR traded up $0.34 during mid-day trading on Friday, hitting $23.92. 112,219 shares of the stock were exchanged, compared to its average volume of 517,669. The stock’s fifty day simple moving average is $27.56 and its two-hundred day simple moving average is $23.15. Valkyrie Bitcoin Fund has a twelve month low of $14.02 and a twelve month high of $30.67.

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.