Valkyrie Bitcoin Fund (NASDAQ:BRRR) Sees Significant Decline in Short Interest

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 800 shares, a decline of 77.1% from the February 13th total of 3,500 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 498,700 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Valkyrie Bitcoin Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC lifted its holdings in shares of Valkyrie Bitcoin Fund by 61.3% in the 4th 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 last quarter. Discipline Wealth Solutions LLC acquired a new position in Valkyrie Bitcoin Fund during the fourth quarter worth approximately $235,000. Farringdon Capital Ltd. purchased a new stake in Valkyrie Bitcoin Fund in the fourth quarter valued at approximately $1,098,000. RPO LLC purchased a new stake in Valkyrie Bitcoin Fund in the third quarter valued at approximately $974,000. Finally, Virtu Financial LLC boosted its holdings in shares of Valkyrie Bitcoin Fund by 337.6% in the third 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 period.

Valkyrie Bitcoin Fund Stock Performance

Shares of NASDAQ:BRRR opened at $23.93 on Friday. The firm has a 50 day simple moving average of $26.88 and a 200-day simple moving average of $23.68. Valkyrie Bitcoin Fund has a twelve month low of $14.02 and a twelve month high of $30.67.

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.