CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 123,543 shares, an increase of 85.0% from the September 30th total of 66,777 shares. Based on an average daily volume of 34,479 shares, the days-to-cover ratio is presently 3.6 days. Currently, 0.6% of the shares of the company are sold short.
CoinShares Valkyrie Bitcoin Fund Stock Down 5.1%
NASDAQ:BRRR opened at $21.61 on Friday. CoinShares Valkyrie Bitcoin Fund has a fifty-two week low of $16.37 and a fifty-two week high of $31.36. The stock’s 50-day moving average is $22.84 and its two-hundred day moving average is $20.69.
Institutional Investors Weigh In On CoinShares Valkyrie Bitcoin Fund
Hedge funds have recently made changes to their positions in the company. Meitav Investment House Ltd. grew its stake in CoinShares Valkyrie Bitcoin Fund by 45.1% during the first quarter. Meitav Investment House Ltd. now owns 167,112 shares of the company’s stock worth $3,197,000 after buying an additional 51,953 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of CoinShares Valkyrie Bitcoin Fund in the 1st quarter valued at $422,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of CoinShares Valkyrie Bitcoin Fund by 44.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,656 shares of the company’s stock valued at $376,000 after purchasing an additional 6,044 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.
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