Short Interest in Valkyrie Bitcoin Fund (NASDAQ:BRRR) Grows By 472.7%

Posted by Amy Steele on Jan 29th, 2025

Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 18,900 shares, an increase of 472.7% from the December 31st total of 3,300 shares. Based on an average daily volume of 277,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Valkyrie Bitcoin Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CPR Investments Inc. purchased a new position in shares of Valkyrie Bitcoin Fund in the fourth quarter valued at approximately $4,567,000. Virtu Financial LLC grew its stake 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 worth $1,568,000 after acquiring an additional 67,287 shares in the last quarter. RPO LLC purchased a new stake in shares of Valkyrie Bitcoin Fund during the third quarter worth $974,000. Renaissance Technologies LLC acquired a new stake in shares of Valkyrie Bitcoin Fund in the second quarter valued at $603,000. Finally, Susquehanna International Group LLP raised its stake in shares of Valkyrie Bitcoin Fund by 97.4% in the second quarter. Susquehanna International Group LLP now owns 379,739 shares of the company’s stock valued at $6,452,000 after acquiring an additional 187,348 shares in the last quarter.

Valkyrie Bitcoin Fund Trading Down 0.2 %

BRRR stock opened at $28.63 on Wednesday. The business’s fifty day moving average price is $27.80 and its 200 day moving average price is $21.70. Valkyrie Bitcoin Fund has a 12-month low of $11.86 and a 12-month high of $30.67.

About Valkyrie Bitcoin Fund

(Get Free Report)

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.