CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Update

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 25,500 shares, a growth of 185.2% from the April 30th total of 8,941 shares. Based on an average trading volume of 164,136 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On CoinShares Valkyrie Bitcoin Fund

Several institutional investors have recently modified their holdings of the company. IMC Chicago LLC bought a new position in CoinShares Valkyrie Bitcoin Fund during the first quarter valued at approximately $422,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of CoinShares Valkyrie Bitcoin Fund by 44.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,656 shares of the company’s stock valued at $376,000 after purchasing an additional 6,044 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 purchasing an additional 51,953 shares during the last quarter. 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 purchasing an additional 56,189 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in CoinShares Valkyrie Bitcoin Fund by 40.2% in 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 period.

CoinShares Valkyrie Bitcoin Fund Price Performance

NASDAQ BRRR opened at $20.70 on Monday. CoinShares Valkyrie Bitcoin Fund has a 52-week low of $17.58 and a 52-week high of $35.70. The company has a fifty day moving average of $21.03 and a 200-day moving average of $22.56.

About CoinShares 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.