CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Down 90.1% in April

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 8,941 shares, a drop of 90.1% from the April 15th total of 90,329 shares. Based on an average trading volume of 191,020 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

CoinShares Valkyrie Bitcoin Fund Price Performance

Shares of BRRR stock traded up $0.52 during midday trading on Monday, reaching $23.12. 189,217 shares of the company traded hands, compared to its average volume of 355,014. The firm’s 50 day simple moving average is $20.52 and its two-hundred day simple moving average is $23.41. CoinShares Valkyrie Bitcoin Fund has a 1-year low of $17.58 and a 1-year high of $35.70.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of CoinShares Valkyrie Bitcoin Fund by 542.6% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,993 shares of the company’s stock worth $161,000 after purchasing an additional 4,216 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of CoinShares Valkyrie Bitcoin Fund by 40.2% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 23,570 shares of the company’s stock worth $583,000 after purchasing an additional 6,761 shares during the last quarter. CPR Investments Inc. raised its position in shares of CoinShares Valkyrie Bitcoin Fund by 25.0% during the 4th quarter. CPR Investments Inc. now owns 89,237 shares of the company’s stock worth $2,207,000 after purchasing an additional 17,843 shares during the last quarter. Meitav Investment House Ltd. raised its position in shares of CoinShares Valkyrie Bitcoin Fund by 28.8% during the 3rd quarter. Meitav Investment House Ltd. now owns 93,040 shares of the company’s stock worth $3,008,000 after purchasing an additional 20,805 shares during the last quarter. Finally, IMC Chicago LLC acquired a new position in shares of CoinShares Valkyrie Bitcoin Fund during the 1st quarter worth approximately $422,000.

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.