Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Update

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 7,900 shares, a drop of 92.9% from the October 15th total of 111,500 shares. Based on an average daily volume of 235,000 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Valkyrie Bitcoin Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Valkyrie Bitcoin Fund during the first quarter worth approximately $8,669,000. Susquehanna International Group LLP lifted its stake in Valkyrie Bitcoin Fund by 97.4% during the second quarter. Susquehanna International Group LLP now owns 379,739 shares of the company’s stock worth $6,452,000 after purchasing an additional 187,348 shares during the last quarter. RPO LLC bought a new position in shares of Valkyrie Bitcoin Fund in the 3rd quarter valued at $974,000. Finally, Renaissance Technologies LLC bought a new position in shares of Valkyrie Bitcoin Fund in the 2nd quarter valued at $603,000.

Valkyrie Bitcoin Fund Price Performance

Shares of NASDAQ BRRR traded up $0.74 during mid-day trading on Tuesday, hitting $25.38. The company had a trading volume of 461,278 shares, compared to its average volume of 378,754. The firm has a 50-day simple moving average of $18.35 and a two-hundred day simple moving average of $18.07. Valkyrie Bitcoin Fund has a one year low of $10.94 and a one year high of $25.49.

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.