CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR - Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 24,200 shares, a decrease of 63.9% from the April 30th total of 67,100 shares. Based on an average trading volume of 365,600 shares, the short-interest ratio is presently 0.1 days. Currently, 1.1% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. CoreCap Advisors LLC lifted its stake in shares of CoinShares Valkyrie Bitcoin Fund by 61.3% in the 4th quarter. CoreCap Advisors LLC now owns 968 shares of the company's stock valued at $26,000 after acquiring an additional 368 shares during the last quarter. Discipline Wealth Solutions LLC bought a new position in shares of CoinShares Valkyrie Bitcoin Fund in the 4th quarter valued at $235,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of CoinShares Valkyrie Bitcoin Fund in the 1st quarter valued at $209,000. OLD Mission Capital LLC bought a new position in shares of CoinShares Valkyrie Bitcoin Fund in the 1st quarter valued at $221,000. Finally, Farringdon Capital Ltd. bought a new position in shares of CoinShares Valkyrie Bitcoin Fund in the 4th quarter valued at $1,098,000.
CoinShares Valkyrie Bitcoin Fund Stock Down 0.4%
Shares of BRRR traded down $0.11 during trading hours on Monday, reaching $29.48. The stock had a trading volume of 19,059 shares, compared to its average volume of 315,161. CoinShares Valkyrie Bitcoin Fund has a 12 month low of $14.02 and a 12 month high of $31.67. The company's 50-day moving average is $26.50 and its two-hundred day moving average is $26.76.
CoinShares Valkyrie Bitcoin Fund Company Profile
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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.
Further Reading
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