Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) was up 1.3% on Wednesday . The stock traded as high as $27.58 and last traded at $27.19. Approximately 78,720 shares changed hands during trading, a decline of 76% from the average daily volume of 327,580 shares. The stock had previously closed at $26.85.
Valkyrie Bitcoin Fund Stock Up 1.9 %
The stock has a fifty day simple moving average of $24.68 and a two-hundred day simple moving average of $25.81.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Elequin Capital LP boosted its stake in shares of Valkyrie Bitcoin Fund by 65,361.8% during the fourth quarter. Elequin Capital LP now owns 654,618 shares of the company's stock valued at $17,315,000 after purchasing an additional 653,618 shares in the last quarter. CPR Investments Inc. bought a new position in Valkyrie Bitcoin Fund during the 4th quarter worth approximately $4,567,000. Jane Street Group LLC lifted its position in shares of 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. Farringdon Capital Ltd. bought a new stake in shares of Valkyrie Bitcoin Fund in the 4th quarter valued at $1,098,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Valkyrie Bitcoin Fund during the first quarter worth $209,000.
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.
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