Valkyrie Bitcoin Fund (NASDAQ:BRRR) Sees Large Drop in Short Interest

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 4,400 shares, a decrease of 46.3% from the November 15th total of 8,200 shares. Based on an average daily volume of 233,600 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Valkyrie Bitcoin Fund

Several large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP lifted its holdings 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 valued at $6,452,000 after purchasing an additional 187,348 shares during the last quarter. Virtu Financial LLC raised its position in shares of Valkyrie Bitcoin Fund by 337.6% in the third quarter. Virtu Financial LLC now owns 87,220 shares of the company’s stock valued at $1,568,000 after purchasing an additional 67,287 shares during the period. RPO LLC bought a new stake in shares of Valkyrie Bitcoin Fund in the third quarter valued at approximately $974,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Valkyrie Bitcoin Fund during the 2nd quarter valued at approximately $603,000.

Valkyrie Bitcoin Fund Stock Performance

NASDAQ:BRRR traded up $0.48 during trading hours on Friday, reaching $28.79. The stock had a trading volume of 249,765 shares, compared to its average volume of 370,090. The stock has a 50 day simple moving average of $23.13 and a 200 day simple moving average of $19.55. Valkyrie Bitcoin Fund has a 12-month low of $10.94 and a 12-month high of $29.38.

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.