Short Interest in Valkyrie Bitcoin Fund (NASDAQ:BRRR) Decreases By 25.0%

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 3,300 shares, a decline of 25.0% from the November 30th total of 4,400 shares. Based on an average daily trading volume, of 263,600 shares, the days-to-cover ratio is presently 0.0 days.

Valkyrie Bitcoin Fund Trading Down 1.1 %

BRRR traded down $0.29 during trading hours on Friday, reaching $26.73. The company’s stock had a trading volume of 155,786 shares, compared to its average volume of 368,642. Valkyrie Bitcoin Fund has a fifty-two week low of $10.94 and a fifty-two week high of $30.67. The business’s 50-day moving average is $25.06 and its 200-day moving average is $20.14.

Hedge Funds Weigh In On Valkyrie Bitcoin Fund

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new stake in shares of Valkyrie Bitcoin Fund during the second quarter valued at about $603,000. RPO LLC acquired a new stake in shares of Valkyrie Bitcoin Fund in the third quarter valued at $974,000. Virtu Financial LLC raised 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 buying an additional 67,287 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in shares of 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 buying an additional 187,348 shares during the period.

About Valkyrie Bitcoin Fund

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.