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

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 3,500 shares, a drop of 91.8% from the January 31st total of 42,900 shares. Based on an average trading volume of 416,800 shares, the short-interest ratio is presently 0.0 days.

Valkyrie Bitcoin Fund Stock Performance

BRRR stock opened at $23.81 on Friday. Valkyrie Bitcoin Fund has a 52-week low of $14.02 and a 52-week high of $30.67. The company’s 50 day simple moving average is $27.49 and its 200-day simple moving average is $23.20.

Institutional Trading of Valkyrie Bitcoin Fund

Several large investors have recently added to or reduced their stakes in the company. Discipline Wealth Solutions LLC acquired a new stake in shares of Valkyrie Bitcoin Fund in the fourth quarter worth $235,000. Elequin Capital LP boosted its position in Valkyrie Bitcoin Fund by 65,361.8% during the 4th quarter. Elequin Capital LP now owns 654,618 shares of the company’s stock worth $17,315,000 after acquiring an additional 653,618 shares during the period. CoreCap Advisors LLC grew its stake in Valkyrie Bitcoin Fund by 61.3% during the 4th quarter. CoreCap Advisors LLC now owns 968 shares of the company’s stock valued at $26,000 after acquiring an additional 368 shares in the last quarter. Jane Street Group LLC grew its stake in Valkyrie Bitcoin Fund by 200.5% during the 4th quarter. Jane Street Group LLC now owns 222,285 shares of the company’s stock valued at $5,879,000 after acquiring an additional 148,311 shares in the last quarter. Finally, Farringdon Capital Ltd. acquired a new position in shares of Valkyrie Bitcoin Fund in the 4th quarter valued at about $1,098,000.

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.