CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Stock Short Interest Climbs 85.0%

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 123,543 shares, a growth of 85.0% from the September 30th total of 66,777 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,479 shares, the short-interest ratio is presently 3.6 days.

Institutional Trading of CoinShares Valkyrie Bitcoin Fund

Institutional investors have recently bought and sold shares of the company. Meitav Investment House Ltd. lifted its stake in shares of CoinShares Valkyrie Bitcoin Fund by 45.1% in 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 period. IMC Chicago LLC bought a new stake in CoinShares Valkyrie Bitcoin Fund during the 1st quarter valued at $422,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in CoinShares Valkyrie Bitcoin Fund by 44.4% during 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 during the last quarter.

CoinShares Valkyrie Bitcoin Fund Trading Down 5.1%

Shares of NASDAQ:BRRR opened at $21.61 on Friday. The firm’s fifty day moving average is $22.84 and its 200-day moving average is $20.69. CoinShares Valkyrie Bitcoin Fund has a 52 week low of $16.37 and a 52 week high of $31.36.

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.