Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 18,900 shares, an increase of 472.7% from the December 31st total of 3,300 shares. Based on an average daily volume of 277,400 shares, the short-interest ratio is presently 0.1 days.
Valkyrie Bitcoin Fund Stock Performance
BRRR stock traded down $0.93 during trading hours on Friday, reaching $28.79. The stock had a trading volume of 278,077 shares, compared to its average volume of 372,664. The stock has a 50-day simple moving average of $27.94 and a 200 day simple moving average of $21.90. Valkyrie Bitcoin Fund has a fifty-two week low of $11.99 and a fifty-two week high of $30.67.
Institutional Investors Weigh In On Valkyrie Bitcoin Fund
Large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP raised its position 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 valued at $6,452,000 after purchasing an additional 187,348 shares during the period. CPR Investments Inc. bought a new position in Valkyrie Bitcoin Fund during the 4th quarter worth $4,567,000. Virtu Financial LLC increased 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 worth $1,568,000 after purchasing an additional 67,287 shares during the period. RPO LLC acquired a new position in shares of Valkyrie Bitcoin Fund in the 3rd quarter valued at approximately $974,000. Finally, Renaissance Technologies LLC bought a new stake in Valkyrie Bitcoin Fund during the second quarter worth $603,000.
Valkyrie Bitcoin Fund Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Valkyrie Bitcoin Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valkyrie Bitcoin Fund wasn't on the list.
While Valkyrie Bitcoin Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
