Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Update

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BRRR. Discipline Wealth Solutions LLC acquired a new stake in shares of Valkyrie Bitcoin Fund in the fourth quarter worth $235,000. Elequin Capital LP boosted its holdings in Valkyrie Bitcoin Fund by 65,361.8% in the 4th quarter. Elequin Capital LP now owns 654,618 shares of the company’s stock valued at $17,315,000 after purchasing an additional 653,618 shares during the period. CoreCap Advisors LLC boosted its holdings in Valkyrie Bitcoin Fund by 61.3% in the 4th quarter. CoreCap Advisors LLC now owns 968 shares of the company’s stock valued at $26,000 after purchasing an additional 368 shares during the period. Jane Street Group LLC grew its position in Valkyrie Bitcoin Fund by 200.5% in the 4th quarter. Jane Street Group LLC now owns 222,285 shares of the company’s stock worth $5,879,000 after purchasing an additional 148,311 shares during the last quarter. Finally, Farringdon Capital Ltd. bought a new position in shares of Valkyrie Bitcoin Fund during the 4th quarter worth about $1,098,000.

Valkyrie Bitcoin Fund Price Performance

NASDAQ BRRR opened at $23.81 on Friday. The stock has a 50-day simple moving average of $27.49 and a 200 day simple moving average of $23.20. Valkyrie Bitcoin Fund has a twelve month low of $14.02 and a twelve month 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.