CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Sees Significant Increase in Short Interest

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) saw a large increase in short interest during the month of 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. Based on an average daily trading volume, of 323,200 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of CoinShares Valkyrie Bitcoin Fund

Several institutional investors have recently added to or reduced their stakes in BRRR. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 172.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,612 shares of the company’s stock worth $337,000 after purchasing an additional 8,619 shares during the period. IMC Chicago LLC bought a new stake in shares of CoinShares Valkyrie Bitcoin Fund during the 1st quarter valued at about $422,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in CoinShares Valkyrie Bitcoin Fund by 40.2% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 23,570 shares of the company’s stock worth $583,000 after acquiring an additional 6,761 shares during the last quarter. Keebeck Wealth Management lifted its holdings in CoinShares Valkyrie Bitcoin Fund by 112.1% in the third quarter. Keebeck Wealth Management now owns 64,150 shares of the company’s stock worth $2,074,000 after acquiring an additional 33,900 shares during the last quarter. Finally, CPR Investments Inc. boosted its stake in CoinShares Valkyrie Bitcoin Fund by 25.0% in the fourth quarter. CPR Investments Inc. now owns 89,237 shares of the company’s stock valued at $2,207,000 after acquiring an additional 17,843 shares during the period.

CoinShares Valkyrie Bitcoin Fund Price Performance

Shares of BRRR traded up $0.38 during mid-day trading on Wednesday, hitting $16.93. The stock had a trading volume of 50,419 shares, compared to its average volume of 328,161. 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 $20.10 and its two-hundred day simple moving average is $21.31.

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.