Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 18,900 shares, an increase of 472.7% from the December 15th total of 3,300 shares. Based on an average daily volume of 277,400 shares, the days-to-cover ratio is presently 0.1 days.
Valkyrie Bitcoin Fund Stock Performance
Valkyrie Bitcoin Fund stock traded down $0.29 during midday trading on Monday, reaching $26.49. The stock had a trading volume of 266,066 shares, compared to its average volume of 377,795. Valkyrie Bitcoin Fund has a 52-week low of $10.94 and a 52-week high of $30.67. The company has a fifty day moving average of $26.72 and a 200 day moving average of $20.84.
Institutional Trading of Valkyrie Bitcoin Fund
A number of institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP raised its holdings in Valkyrie Bitcoin Fund by 97.4% in the 2nd quarter. Susquehanna International Group LLP now owns 379,739 shares of the company's stock valued at $6,452,000 after acquiring an additional 187,348 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Valkyrie Bitcoin Fund by 337.6% in the 3rd quarter. Virtu Financial LLC now owns 87,220 shares of the company's stock valued at $1,568,000 after acquiring an additional 67,287 shares during the last quarter. RPO LLC purchased a new stake in Valkyrie Bitcoin Fund in the third quarter valued at $974,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Valkyrie Bitcoin Fund in the 2nd quarter valued at about $603,000.
Valkyrie Bitcoin Fund Company Profile
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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.
Further Reading
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