CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Update

Key Points

• The CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) experienced a dramatic decrease in short interest, falling 96.7% from 38,900 shares to just 1,300 shares as of July 31st.
• Several institutional investors have significantly increased their positions in the fund, including Elequin Capital LP raising its stake by 65,361.8% during the 4th quarter.
• As of Thursday, the fund's stock was trading at $33.53, with a 1-year trading range between $15.06 and $34.75, indicating strong performance amidst heightened institutional interest.

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,300 shares, adropof96.7% from the July 15th total of 38,900 shares. Based on an average trading volume of 174,500 shares, the days-to-cover ratio is presently 0.0 days. Currently,0.1% of the company's shares are sold short. Currently,0.1% of the company's shares are sold short. Based on an average trading volume of 174,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On CoinShares Valkyrie Bitcoin Fund

A number of large investors have recently made changes to their positions in the business. Elequin Capital LP boosted its position in shares of CoinShares Valkyrie Bitcoin Fund by 65,361.8% during the fourth quarter. Elequin Capital LP now owns 654,618 shares of the company's stock valued at $17,315,000 after purchasing an additional 653,618 shares in the last quarter. Jane Street Group LLC raised its stake in 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 valued at $7,262,000 after buying an additional 167,477 shares during the last quarter. Meitav Investment House Ltd. raised its stake in CoinShares Valkyrie Bitcoin Fund by 66.6% during the second quarter. Meitav Investment House Ltd. now owns 72,235 shares of the company's stock valued at $2,201,000 after buying an additional 28,874 shares during the last quarter. Flow Traders U.S. LLC raised its stake in CoinShares Valkyrie Bitcoin Fund by 158.9% during the first quarter. Flow Traders U.S. LLC now owns 68,913 shares of the company's stock valued at $1,606,000 after buying an additional 42,300 shares during the last quarter. Finally, Farringdon Capital Ltd. purchased a new position in CoinShares Valkyrie Bitcoin Fund during the fourth quarter valued at $1,098,000.

CoinShares Valkyrie Bitcoin Fund Price Performance

BRRR traded down $0.86 on Tuesday, hitting $32.02. 144,077 shares of the company were exchanged, compared to its average volume of 315,096. The firm has a fifty day simple moving average of $31.92 and a two-hundred day simple moving average of $28.26. CoinShares Valkyrie Bitcoin Fund has a 12 month low of $15.06 and a 12 month high of $34.75.

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.