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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRRR. Elequin Capital LP lifted its holdings 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 acquiring an additional 485,475 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in CoinShares Valkyrie Bitcoin Fund by 172.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,612 shares of the company’s stock worth $337,000 after buying an additional 8,619 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 236.3% in the second 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 in the last quarter. Keebeck Wealth Management lifted its position 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 during the last quarter. Finally, IMC Chicago LLC bought a new stake in shares of CoinShares Valkyrie Bitcoin Fund during the 1st quarter worth $422,000.

CoinShares Valkyrie Bitcoin Fund Price Performance

Shares of NASDAQ:BRRR opened at $16.90 on Thursday. CoinShares Valkyrie Bitcoin Fund has a 12 month low of $16.37 and a 12 month high of $35.70. The stock’s 50 day moving average price is $20.01 and its 200 day moving average price is $21.24.

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.