Short Interest in Valkyrie Bitcoin Fund (NASDAQ:BRRR) Rises By 20.0%

Valkyrie Bitcoin Fund (NASDAQ:BRRR) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 6,600 shares, an increase of 20.0% from the July 31st total of 5,500 shares. Based on an average daily volume of 272,100 shares, the days-to-cover ratio is currently 0.0 days.

Valkyrie Bitcoin Fund Stock Down 0.9 %

Shares of BRRR opened at $16.61 on Friday. Valkyrie Bitcoin Fund has a 12-month low of $10.94 and a 12-month high of $20.88. The stock’s fifty day simple moving average is $17.34 and its 200-day simple moving average is $18.01.

Hedge Funds Weigh In On Valkyrie Bitcoin Fund

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Valkyrie Bitcoin Fund during the second quarter valued at $603,000. Susquehanna International Group LLP lifted its stake in shares of Valkyrie Bitcoin Fund by 97.4% during 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 during the period. Jane Street Group LLC acquired a new position in shares of Valkyrie Bitcoin Fund during the first quarter valued at $8,669,000. Finally, IMC Chicago LLC acquired a new position in shares of Valkyrie Bitcoin Fund during the first quarter valued at $2,666,000.

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.