Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 4,700 shares, a growth of 487.5% from the February 28th total of 800 shares. Approximately 0.2% of the company's stock are short sold. Based on an average daily volume of 487,200 shares, the days-to-cover ratio is currently 0.0 days.
Valkyrie Bitcoin Fund Stock Performance
Shares of BRRR stock traded down $0.93 during mid-day trading on Friday, hitting $23.68. 438,121 shares of the stock traded hands, compared to its average volume of 367,304. Valkyrie Bitcoin Fund has a 52-week low of $14.02 and a 52-week high of $30.67. The stock's fifty day moving average is $26.18 and its two-hundred day moving average is $24.32.
Institutional Investors Weigh In On Valkyrie Bitcoin Fund
Hedge funds and other institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC increased its position in shares of Valkyrie Bitcoin Fund by 61.3% during the fourth quarter. CoreCap Advisors LLC now owns 968 shares of the company's stock worth $26,000 after purchasing an additional 368 shares in the last quarter. Discipline Wealth Solutions LLC acquired a new position in Valkyrie Bitcoin Fund during the 4th quarter valued at about $235,000. Farringdon Capital Ltd. purchased a new stake in Valkyrie Bitcoin Fund in the fourth quarter valued at about $1,098,000. Virtu Financial LLC boosted its holdings in 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 acquiring an additional 67,287 shares in the last quarter. Finally, CPR Investments Inc. purchased a new stake in shares of Valkyrie Bitcoin Fund during the fourth quarter worth about $4,567,000.
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.
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