CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Short Interest Up 8,636.4% in August

Key Points

• The CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) experienced an astonishing **8,636.4% increase** in short interest during August, rising to a total of **96,100 shares** sold short by the end of the month.
• Institutional investors have shown increased interest in the fund, with **CoreCap Advisors** increasing its holdings by **61.3%** and **Elequin Capital LP** significantly boosting its stake by **65,361.8%**.
• As of the latest trading session, shares of BRRR have maintained a **52-week high of $34.75** and are currently trading at approximately **$32.32**.

CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR - ) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 96,100 shares, a growth of 8,636.4% from the August 15th total of 1,100 shares. Approximately 4.3% of the company's stock are sold short. Based on an average daily volume of 204,500 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 204,500 shares, the days-to-cover ratio is presently 0.5 days. Approximately 4.3% of the company's stock are sold short.

CoinShares Valkyrie Bitcoin Fund Stock Performance

BRRR traded up $0.21 on Thursday, reaching $32.32. The company's stock had a trading volume of 12,385 shares, compared to its average volume of 308,179. The stock has a 50 day moving average of $32.43 and a two-hundred day moving average of $28.74. CoinShares Valkyrie Bitcoin Fund has a fifty-two week low of $16.25 and a fifty-two week high of $34.75.

Hedge Funds Weigh In On CoinShares Valkyrie Bitcoin Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRRR. CoreCap Advisors LLC boosted its holdings in CoinShares Valkyrie Bitcoin Fund by 61.3% in the fourth quarter. CoreCap Advisors LLC now owns 968 shares of the company's stock valued at $26,000 after purchasing an additional 368 shares in the last quarter. Elequin Capital LP boosted its holdings in CoinShares Valkyrie Bitcoin Fund by 65,361.8% in 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. Discipline Wealth Solutions LLC acquired a new position in CoinShares Valkyrie Bitcoin Fund in the fourth quarter valued at approximately $235,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in CoinShares Valkyrie Bitcoin Fund in the first quarter valued at approximately $209,000. Finally, Flow Traders U.S. LLC lifted its stake in CoinShares Valkyrie Bitcoin Fund by 158.9% in 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.

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.

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