Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,700 shares, an increase of 487.5% from the February 28th total of 800 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily volume of 487,200 shares, the short-interest ratio is presently 0.0 days.
Shares of BRRR traded down $0.47 during mid-day trading on Wednesday, reaching $24.47. 476,331 shares of the company's stock traded hands, compared to its average volume of 369,815. The stock's 50-day moving average is $26.45 and its two-hundred day moving average is $24.16. Valkyrie Bitcoin Fund has a 12 month low of $14.02 and a 12 month high of $30.67.
Several institutional investors and hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC lifted its holdings 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 buying an additional 368 shares in the last quarter. Discipline Wealth Solutions LLC bought a new stake in shares of Valkyrie Bitcoin Fund during the fourth quarter valued at approximately $235,000. Farringdon Capital Ltd. purchased a new stake in shares of Valkyrie Bitcoin Fund in the fourth quarter valued at approximately $1,098,000. Virtu Financial LLC grew its stake in 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 purchasing an additional 67,287 shares in the last quarter. Finally, CPR Investments Inc. purchased a new position in Valkyrie Bitcoin Fund during the 4th quarter worth $4,567,000.
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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