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

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 25,100 shares, a decline of 41.9% from the September 30th total of 43,200 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average trading volume of 325,300 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 325,300 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.1% of the company’s shares are short sold.

Institutional Investors Weigh In On CoinShares Valkyrie Bitcoin Fund

A number of institutional investors and hedge funds have recently made changes to their positions in BRRR. Jane Street Group LLC raised its position in shares of CoinShares Valkyrie Bitcoin Fund by 236.3% during the second quarter. Jane Street Group LLC now owns 238,337 shares of the company’s stock worth $7,262,000 after acquiring an additional 167,477 shares during the last quarter. Flow Traders U.S. LLC grew its position in shares of CoinShares Valkyrie Bitcoin Fund by 158.9% during the 1st quarter. Flow Traders U.S. LLC now owns 68,913 shares of the company’s stock worth $1,606,000 after buying an additional 42,300 shares during the period. Meitav Investment House Ltd. grew its position in shares of CoinShares Valkyrie Bitcoin Fund by 66.6% during the 2nd quarter. Meitav Investment House Ltd. now owns 72,235 shares of the company’s stock worth $2,201,000 after buying an additional 28,874 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of CoinShares Valkyrie Bitcoin Fund during the 3rd quarter worth about $543,000. Finally, OLD Mission Capital LLC acquired a new position in shares of CoinShares Valkyrie Bitcoin Fund during the 1st quarter worth about $221,000.

CoinShares Valkyrie Bitcoin Fund Trading Down 3.0%

Shares of BRRR stock traded down $0.92 on Monday, reaching $30.10. 231,112 shares of the stock were exchanged, compared to its average volume of 327,881. CoinShares Valkyrie Bitcoin Fund has a one year low of $18.99 and a one year high of $35.70. The stock has a 50 day moving average price of $32.05 and a 200 day moving average price of $31.05.

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.