Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,700 shares, an increase of 487.5% from the February 28th total of 800 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 487,200 shares, the short-interest ratio is presently 0.0 days.
Valkyrie Bitcoin Fund Trading Down 1.9 %
Shares of BRRR traded down $0.47 during mid-day trading on Wednesday, reaching $24.47. 476,331 shares of the company’s stock traded hands, compared to its average volume of 369,815. The stock’s 50-day moving average is $26.45 and its two-hundred day moving average is $24.16. Valkyrie Bitcoin Fund has a 12 month low of $14.02 and a 12 month high of $30.67.
Institutional Trading of Valkyrie Bitcoin Fund
Several institutional investors and hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC lifted its holdings in 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 buying an additional 368 shares in the last quarter. Discipline Wealth Solutions LLC bought a new stake in shares of Valkyrie Bitcoin Fund during the fourth quarter valued at approximately $235,000. Farringdon Capital Ltd. purchased a new stake in shares of Valkyrie Bitcoin Fund in the fourth quarter valued at approximately $1,098,000. Virtu Financial LLC grew its stake in Valkyrie Bitcoin Fund by 337.6% in the third 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 in the last quarter. Finally, CPR Investments Inc. purchased a new position in Valkyrie Bitcoin Fund during the 4th quarter worth $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.
Further Reading
- Five stocks we like better than Valkyrie Bitcoin Fund
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Energy Transfer: Powering Data With Dividends and Diversification
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Qualcomm Stock Is Coiling for a Breakout
- Trading Halts Explained
- Is Alphabet Too Cheap to Ignore After Its Recent Correction?
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.
