Short Interest in CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Rises By 109.0%

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 49,390 shares, an increase of 109.0% from the May 31st total of 23,635 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 323,200 shares, the short-interest ratio is currently 0.2 days.

CoinShares Valkyrie Bitcoin Fund Trading Down 3.6%

NASDAQ BRRR traded down $0.60 during trading on Tuesday, reaching $16.41. 39,928 shares of the company’s stock were exchanged, compared to its average volume of 329,860. CoinShares Valkyrie Bitcoin Fund has a fifty-two week low of $16.37 and a fifty-two week high of $35.70. The company’s fifty day simple moving average is $20.21 and its 200-day simple moving average is $21.38.

Institutional Trading of CoinShares Valkyrie Bitcoin Fund

Institutional investors have recently made changes to their positions in the stock. Elequin Capital LP increased its stake in CoinShares Valkyrie Bitcoin Fund by 634.3% in the 3rd quarter. Elequin Capital LP now owns 562,013 shares of the company’s stock valued at $18,170,000 after buying an additional 485,475 shares during the period. Jane Street Group LLC boosted its stake in shares of CoinShares Valkyrie Bitcoin Fund by 236.3% during the 2nd quarter. Jane Street Group LLC now owns 238,337 shares of the company’s stock valued at $7,262,000 after buying an additional 167,477 shares during the period. CPR Investments Inc. grew its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 63.0% during the 1st quarter. CPR Investments Inc. now owns 145,426 shares of the company’s stock valued at $2,782,000 after acquiring an additional 56,189 shares in the last quarter. Meitav Investment House Ltd. grew its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 45.1% during the 1st quarter. Meitav Investment House Ltd. now owns 167,112 shares of the company’s stock valued at $3,197,000 after acquiring an additional 51,953 shares in the last quarter. Finally, Keebeck Wealth Management grew its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 112.1% during the 3rd quarter. Keebeck Wealth Management now owns 64,150 shares of the company’s stock valued at $2,074,000 after acquiring an additional 33,900 shares in the last quarter.

CoinShares 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.