Valkyrie Bitcoin Fund (NASDAQ:BRRR) Sees Large Increase in Short Interest

Valkyrie Bitcoin Fund (NASDAQ:BRRR) saw a significant growth in short interest in the month of 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. Based on an average daily trading volume, of 487,200 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.2% of the shares of the company are short sold.

Valkyrie Bitcoin Fund Trading Up 0.6 %

BRRR opened at $24.61 on Friday. The firm’s 50 day simple moving average is $26.30 and its two-hundred day simple moving average is $24.16. Valkyrie Bitcoin Fund has a 1-year low of $14.02 and a 1-year high of $30.67.

Institutional Investors Weigh In On Valkyrie Bitcoin Fund

Several hedge funds and other institutional investors have recently modified their holdings of BRRR. CoreCap Advisors LLC grew its holdings in Valkyrie Bitcoin Fund by 61.3% during the fourth 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. Discipline Wealth Solutions LLC purchased a new position in shares of Valkyrie Bitcoin Fund during the 4th quarter valued at about $235,000. Farringdon Capital Ltd. bought a new position in shares of Valkyrie Bitcoin Fund during the 4th quarter valued at approximately $1,098,000. Virtu Financial LLC increased its holdings in Valkyrie Bitcoin Fund by 337.6% in the 3rd 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. bought a new stake in Valkyrie Bitcoin Fund during the 4th quarter worth approximately $4,567,000.

Valkyrie Bitcoin Fund Company Profile

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.