Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 112,400 shares, a drop of 40.0% from the September 15th total of 187,200 shares. Based on an average daily trading volume, of 283,900 shares, the days-to-cover ratio is presently 0.4 days.
Valkyrie Bitcoin Fund Stock Up 5.8 %
Valkyrie Bitcoin Fund stock traded up $0.98 during mid-day trading on Friday, reaching $17.88. 444,893 shares of the company traded hands, compared to its average volume of 395,256. Valkyrie Bitcoin Fund has a 52-week low of $10.94 and a 52-week high of $20.88. The firm’s 50 day moving average price is $17.03 and its 200 day moving average price is $17.93.
Hedge Funds Weigh In On Valkyrie Bitcoin Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP raised its holdings in Valkyrie Bitcoin Fund by 97.4% in the second quarter. Susquehanna International Group LLP now owns 379,739 shares of the company’s stock worth $6,452,000 after buying an additional 187,348 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Valkyrie Bitcoin Fund in the 2nd quarter worth $603,000. Jane Street Group LLC purchased a new position in shares of Valkyrie Bitcoin Fund in the first quarter worth $8,669,000. Finally, IMC Chicago LLC bought a new position in shares of Valkyrie Bitcoin Fund during the first quarter valued at $2,666,000.
About Valkyrie Bitcoin Fund
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.
Recommended Stories
- Five stocks we like better than Valkyrie Bitcoin Fund
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- P/E Ratio Calculation: How to Assess Stocks
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Receive News & Ratings for Valkyrie Bitcoin Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valkyrie Bitcoin Fund and related companies with MarketBeat.com's FREE daily email newsletter.