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

Valkyrie Bitcoin Fund (NASDAQ:BRRR) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 3,300 shares, a decline of 25.0% from the November 30th total of 4,400 shares. Based on an average daily volume of 263,600 shares, the short-interest ratio is presently 0.0 days.

Valkyrie Bitcoin Fund Price Performance

Shares of BRRR traded down $0.29 during trading hours on Friday, reaching $26.73. 155,786 shares of the company traded hands, compared to its average volume of 368,642. The business has a fifty day moving average price of $25.06 and a 200-day moving average price of $20.12. Valkyrie Bitcoin Fund has a 12-month low of $10.94 and a 12-month high of $30.67.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BRRR. Renaissance Technologies LLC purchased a new stake in Valkyrie Bitcoin Fund in the second quarter valued at approximately $603,000. Susquehanna International Group LLP increased its stake in shares of Valkyrie Bitcoin Fund by 97.4% in the second quarter. Susquehanna International Group LLP now owns 379,739 shares of the company’s stock worth $6,452,000 after acquiring an additional 187,348 shares during the period. RPO LLC purchased a new position in shares of Valkyrie Bitcoin Fund during the third quarter worth $974,000. Finally, Virtu Financial LLC lifted its position in Valkyrie Bitcoin Fund by 337.6% during 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.

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.