Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 7,900 shares, a decline of 92.9% from the October 15th total of 111,500 shares. Based on an average trading volume of 235,000 shares, the short-interest ratio is currently 0.0 days.
Hedge Funds Weigh In On Valkyrie Bitcoin Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. RPO LLC acquired a new position in shares of Valkyrie Bitcoin Fund in the 3rd quarter valued at approximately $974,000. Susquehanna International Group LLP raised its position 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 purchasing an additional 187,348 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Valkyrie Bitcoin Fund in the 2nd quarter valued at approximately $603,000. Finally, Jane Street Group LLC acquired a new position in shares of Valkyrie Bitcoin Fund in the 1st quarter valued at approximately $8,669,000.
Valkyrie Bitcoin Fund Stock Performance
Valkyrie Bitcoin Fund stock traded down $0.03 during midday trading on Thursday, hitting $25.36. 167,201 shares of the company were exchanged, compared to its average volume of 378,308. The company’s fifty day moving average price is $18.70 and its 200-day moving average price is $18.17. Valkyrie Bitcoin Fund has a fifty-two week low of $10.94 and a fifty-two week high of $26.48.
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.
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