Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 18,900 shares, a growth of 472.7% from the December 31st total of 3,300 shares. Based on an average trading volume of 277,400 shares, the short-interest ratio is currently 0.1 days.
Valkyrie Bitcoin Fund Stock Up 3.1 %
BRRR opened at $29.51 on Thursday. Valkyrie Bitcoin Fund has a 1 year low of $11.99 and a 1 year high of $30.67. The stock has a 50-day moving average price of $27.85 and a 200-day moving average price of $21.79.
Institutional Trading of Valkyrie Bitcoin Fund
Institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP increased 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 buying an additional 187,348 shares during the last quarter. CPR Investments Inc. bought a new position in Valkyrie Bitcoin Fund in the 4th quarter worth $4,567,000. 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 in the last quarter. RPO LLC bought a new stake in Valkyrie Bitcoin Fund during the third quarter valued at about $974,000. Finally, Renaissance Technologies LLC bought a new position in shares of Valkyrie Bitcoin Fund in the second quarter worth about $603,000.
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.
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