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

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

CoinShares Valkyrie Bitcoin Fund Trading Up 0.1%

NASDAQ BRRR opened at $20.70 on Friday. CoinShares Valkyrie Bitcoin Fund has a 1-year low of $17.58 and a 1-year high of $35.70. The company has a 50 day moving average of $21.03 and a 200-day moving average of $22.61.

Institutional Investors Weigh In On CoinShares Valkyrie Bitcoin Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in BRRR. Elequin Capital LP raised its position in shares of CoinShares Valkyrie Bitcoin Fund by 634.3% in the third quarter. Elequin Capital LP now owns 562,013 shares of the company’s stock valued at $18,170,000 after buying an additional 485,475 shares in the last quarter. Jane Street Group LLC raised its position 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. IMC Chicago LLC acquired a new stake in shares of CoinShares Valkyrie Bitcoin Fund in the third quarter valued at approximately $1,904,000. CPR Investments Inc. raised its position in shares of CoinShares Valkyrie Bitcoin Fund by 63.0% in the first quarter. CPR Investments Inc. now owns 145,426 shares of the company’s stock valued at $2,782,000 after buying an additional 56,189 shares in the last quarter. Finally, Meitav Investment House Ltd. raised its position in shares of CoinShares Valkyrie Bitcoin Fund by 45.1% in the first quarter. Meitav Investment House Ltd. now owns 167,112 shares of the company’s stock valued at $3,197,000 after buying an additional 51,953 shares in the last quarter.

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.