Short Interest in Valkyrie Bitcoin Fund (NASDAQ:BRRR) Drops By 91.8%

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the target of a large decline in short interest in 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 trading volume, of 416,800 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Valkyrie Bitcoin Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Discipline Wealth Solutions LLC bought a new position in Valkyrie Bitcoin Fund in the fourth quarter valued at $235,000. Elequin Capital LP raised its holdings in shares of Valkyrie Bitcoin Fund by 65,361.8% during the 4th quarter. Elequin Capital LP now owns 654,618 shares of the company’s stock valued at $17,315,000 after buying an additional 653,618 shares in the last quarter. CoreCap Advisors LLC lifted its position in Valkyrie Bitcoin Fund by 61.3% in the 4th quarter. CoreCap Advisors LLC now owns 968 shares of the company’s stock worth $26,000 after buying an additional 368 shares during the last quarter. Jane Street Group LLC grew its position in Valkyrie Bitcoin Fund by 200.5% during the fourth quarter. Jane Street Group LLC now owns 222,285 shares of the company’s stock valued at $5,879,000 after acquiring an additional 148,311 shares during the last quarter. Finally, Farringdon Capital Ltd. purchased a new position in shares of Valkyrie Bitcoin Fund during the fourth quarter worth approximately $1,098,000.

Valkyrie Bitcoin Fund Trading Down 1.1 %

Shares of BRRR traded down $0.27 during midday trading on Thursday, hitting $23.58. 1,344,313 shares of the company traded hands, compared to its average volume of 528,371. The stock has a 50-day moving average of $27.63 and a 200-day moving average of $23.15. Valkyrie Bitcoin Fund has a one year low of $14.02 and a one year high of $30.67.

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.