Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Up 75.9% in September

Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 187,200 shares, a growth of 75.9% from the August 31st total of 106,400 shares. Based on an average trading volume of 301,200 shares, the short-interest ratio is presently 0.6 days.

Valkyrie Bitcoin Fund Stock Performance

Shares of Valkyrie Bitcoin Fund stock traded up $0.26 on Friday, hitting $18.59. 446,559 shares of the company’s stock traded hands, compared to its average volume of 406,863. The firm’s 50-day moving average price is $17.24 and its two-hundred day moving average price is $18.07. Valkyrie Bitcoin Fund has a one year low of $10.94 and a one year high of $20.88.

Institutional Investors Weigh In On Valkyrie Bitcoin Fund

A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in Valkyrie Bitcoin Fund during the second quarter worth about $603,000. Susquehanna International Group LLP boosted its stake in Valkyrie Bitcoin Fund by 97.4% during the 2nd quarter. Susquehanna International Group LLP now owns 379,739 shares of the company’s stock worth $6,452,000 after acquiring an additional 187,348 shares during the last quarter. Jane Street Group LLC acquired a new position in Valkyrie Bitcoin Fund during the first quarter valued at approximately $8,669,000. Finally, IMC Chicago LLC bought a new stake in Valkyrie Bitcoin Fund in the first quarter valued at approximately $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.