Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 78,100 shares, a growth of 7,000.0% from the March 31st total of 1,100 shares. Based on an average trading volume of 482,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.5% of the company's stock are short sold.
Hedge Funds Weigh In On Valkyrie Bitcoin Fund
Hedge funds have recently bought and sold shares of the stock. Elequin Capital LP increased its position in Valkyrie Bitcoin Fund by 65,361.8% during the 4th quarter. Elequin Capital LP now owns 654,618 shares of the company's stock worth $17,315,000 after purchasing an additional 653,618 shares in the last quarter. CPR Investments Inc. purchased a new stake in shares of Valkyrie Bitcoin Fund during the fourth quarter worth about $4,567,000. Jane Street Group LLC raised its position in shares of Valkyrie Bitcoin Fund by 200.5% in the fourth quarter. Jane Street Group LLC now owns 222,285 shares of the company's stock valued at $5,879,000 after buying an additional 148,311 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of 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 buying an additional 67,287 shares during the period. Finally, Farringdon Capital Ltd. acquired a new stake in Valkyrie Bitcoin Fund during the fourth quarter worth approximately $1,098,000.
Valkyrie Bitcoin Fund Price Performance
BRRR traded up $0.50 on Friday, reaching $26.99. The company had a trading volume of 283,858 shares, compared to its average volume of 347,535. Valkyrie Bitcoin Fund has a 1 year low of $14.02 and a 1 year high of $30.67. The stock has a 50-day moving average price of $24.27 and a 200-day moving average price of $25.16.
About Valkyrie Bitcoin Fund
(
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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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