Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 78,100 shares, an increase of 7,000.0% from the March 31st total of 1,100 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average trading volume of 482,600 shares, the days-to-cover ratio is currently 0.2 days.
Valkyrie Bitcoin Fund Trading Up 2.6 %
NASDAQ:BRRR traded up $0.69 on Thursday, hitting $27.31. The stock had a trading volume of 302,755 shares, compared to its average volume of 343,162. The business's 50-day simple moving average is $24.24 and its two-hundred day simple moving average is $25.35. Valkyrie Bitcoin Fund has a 52-week low of $14.02 and a 52-week high of $30.67.
Hedge Funds Weigh In On Valkyrie Bitcoin Fund
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Discipline Wealth Solutions LLC purchased a new stake in Valkyrie Bitcoin Fund during the fourth quarter valued at approximately $235,000. Elequin Capital LP grew its position in shares of Valkyrie Bitcoin Fund by 65,361.8% during the 4th quarter. Elequin Capital LP now owns 654,618 shares of the company's stock valued at $17,315,000 after acquiring an additional 653,618 shares during the period. CoreCap Advisors LLC increased its stake 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 worth $26,000 after purchasing an additional 368 shares in the last quarter. Jane Street Group LLC raised its holdings in Valkyrie Bitcoin Fund by 200.5% in the 4th quarter. Jane Street Group LLC now owns 222,285 shares of the company's stock worth $5,879,000 after purchasing an additional 148,311 shares during the period. Finally, Farringdon Capital Ltd. purchased a new position in Valkyrie Bitcoin Fund during the fourth quarter valued at $1,098,000.
About Valkyrie Bitcoin Fund
(
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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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