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

Valkyrie Bitcoin Fund (NASDAQ:BRRR) saw a large increase in short interest in 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 daily volume of 348,400 shares, the short-interest ratio is presently 0.1 days.

Valkyrie Bitcoin Fund Trading Down 1.2 %

Shares of Valkyrie Bitcoin Fund stock traded down $0.34 on Thursday, reaching $27.10. 122,981 shares of the company were exchanged, compared to its average volume of 434,876. Valkyrie Bitcoin Fund has a one year low of $14.02 and a one year high of $30.67. The company has a 50-day moving average of $28.03 and a 200 day moving average of $22.49.

Institutional Investors Weigh In On Valkyrie Bitcoin Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. RPO LLC acquired a new position in shares of Valkyrie Bitcoin Fund during the 3rd quarter worth approximately $974,000. Virtu Financial LLC increased its holdings 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 acquiring an additional 67,287 shares during the last quarter. Finally, CPR Investments Inc. acquired a new position in shares of Valkyrie Bitcoin Fund during the 4th quarter worth approximately $4,567,000.

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.