Short Interest in Valkyrie Bitcoin Fund (NASDAQ:BRRR) Drops By 76.6%

Valkyrie Bitcoin Fund (NASDAQ:BRRR) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,100 shares, a decrease of 76.6% from the March 15th total of 4,700 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 502,100 shares, the days-to-cover ratio is presently 0.0 days.

Valkyrie Bitcoin Fund Price Performance

NASDAQ BRRR traded up $0.26 on Wednesday, hitting $24.03. 37,509 shares of the company were exchanged, compared to its average volume of 355,999. Valkyrie Bitcoin Fund has a twelve month low of $14.02 and a twelve month high of $30.67. The company’s 50 day moving average price is $24.58 and its 200-day moving average price is $24.78.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. CoreCap Advisors LLC boosted its holdings in Valkyrie Bitcoin Fund by 61.3% during the fourth quarter. CoreCap Advisors LLC now owns 968 shares of the company’s stock worth $26,000 after buying an additional 368 shares during the last quarter. Discipline Wealth Solutions LLC acquired a new stake in Valkyrie Bitcoin Fund during the fourth quarter worth approximately $235,000. Farringdon Capital Ltd. acquired a new position in shares of Valkyrie Bitcoin Fund during the 4th quarter worth $1,098,000. Virtu Financial LLC raised its holdings in Valkyrie Bitcoin Fund by 337.6% in the 3rd quarter. Virtu Financial LLC now owns 87,220 shares of the company’s stock valued at $1,568,000 after buying an additional 67,287 shares during the last quarter. Finally, CPR Investments Inc. bought a new position in Valkyrie Bitcoin Fund during the fourth quarter worth $4,567,000.

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.