CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Up 185.2% in May

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) was the target of 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. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 164,136 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On CoinShares Valkyrie Bitcoin Fund

A number of institutional investors have recently modified their holdings of BRRR. Elequin Capital LP grew its stake 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 worth $18,170,000 after acquiring an additional 485,475 shares during the last quarter. Jane Street Group LLC grew its stake 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 worth $7,262,000 after acquiring an additional 167,477 shares during the last quarter. IMC Chicago LLC purchased a new stake in shares of CoinShares Valkyrie Bitcoin Fund in the third quarter worth $1,904,000. CPR Investments Inc. grew its stake 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 worth $2,782,000 after acquiring an additional 56,189 shares during the last quarter. Finally, Meitav Investment House Ltd. grew its stake 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 worth $3,197,000 after acquiring an additional 51,953 shares during the last quarter.

CoinShares Valkyrie Bitcoin Fund Trading Up 0.1%

Shares of NASDAQ BRRR traded up $0.03 during trading on Friday, reaching $20.70. The company had a trading volume of 437,307 shares, compared to its average volume of 337,314. CoinShares Valkyrie Bitcoin Fund has a 12-month low of $17.58 and a 12-month high of $35.70. The business’s 50-day moving average is $21.03 and its 200 day moving average is $22.61.

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.