CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR) Sees Large Growth in Short Interest

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 - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 96,100 shares, an increase of 8,636.4% from the August 15th total of 1,100 shares. Currently, 4.3% of the company's stock are short sold. Based on an average daily trading volume, of 204,500 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 204,500 shares, the short-interest ratio is currently 0.5 days. Currently, 4.3% of the company's stock are short sold.

CoinShares Valkyrie Bitcoin Fund Stock Up 1.2%

CoinShares Valkyrie Bitcoin Fund stock traded up $0.40 during mid-day trading on Tuesday, reaching $32.99. 88,941 shares of the company were exchanged, compared to its average volume of 306,263. CoinShares Valkyrie Bitcoin Fund has a 12-month low of $16.66 and a 12-month high of $34.75. The business has a fifty day moving average of $32.54 and a 200 day moving average of $28.97.

Institutional Investors Weigh In On CoinShares Valkyrie Bitcoin Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CoreCap Advisors LLC increased its position in CoinShares Valkyrie Bitcoin Fund by 61.3% during the 4th quarter. CoreCap Advisors LLC now owns 968 shares of the company's stock valued at $26,000 after buying an additional 368 shares in the last quarter. Discipline Wealth Solutions LLC acquired a new stake in CoinShares Valkyrie Bitcoin Fund during the fourth quarter worth about $235,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of CoinShares Valkyrie Bitcoin Fund during the 1st quarter worth about $209,000. OLD Mission Capital LLC acquired a new stake in CoinShares Valkyrie Bitcoin Fund in the 1st quarter valued at $221,000. Finally, Meitav Investment House Ltd. lifted its stake in CoinShares Valkyrie Bitcoin Fund by 66.6% in the 2nd 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 in 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.