CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 66,777 shares, a drop of 80.8% from the September 15th total of 347,427 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 50,105 shares, the short-interest ratio is presently 1.3 days.
Hedge Funds Weigh In On CoinShares Valkyrie Bitcoin Fund
Large investors have recently made changes to their positions in the business. Meitav Investment House Ltd. grew its position in CoinShares Valkyrie Bitcoin Fund by 45.1% during the first 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 in the last quarter. CPR Investments Inc. lifted its position in CoinShares Valkyrie Bitcoin Fund by 63.0% in the 1st quarter. CPR Investments Inc. now owns 145,426 shares of the company’s stock worth $2,782,000 after buying an additional 56,189 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of CoinShares Valkyrie Bitcoin Fund during the 1st quarter valued at $422,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of 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 buying an additional 6,044 shares during the period.
CoinShares Valkyrie Bitcoin Fund Stock Up 0.7%
NASDAQ:BRRR traded up $0.16 during trading hours on Monday, hitting $23.33. 16,477 shares of the company’s stock traded hands, compared to its average volume of 229,646. CoinShares Valkyrie Bitcoin Fund has a twelve month low of $16.37 and a twelve month high of $32.81. The stock’s fifty day moving average price is $21.53 and its two-hundred day moving average price is $20.23.
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.
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