CoinShares Valkyrie Bitcoin Fund (NASDAQ:BRRR – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 123,543 shares, a growth of 85.0% from the September 30th total of 66,777 shares. Based on an average daily trading volume, of 34,479 shares, the short-interest ratio is presently 3.6 days. Currently, 0.6% of the shares of the company are sold short.
Hedge Funds Weigh In On CoinShares Valkyrie Bitcoin Fund
A number of large investors have recently made changes to their positions in BRRR. Meitav Investment House Ltd. increased its position in shares of CoinShares Valkyrie Bitcoin Fund by 45.1% in the first quarter. Meitav Investment House Ltd. now owns 167,112 shares of the company’s stock valued at $3,197,000 after buying an additional 51,953 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of CoinShares Valkyrie Bitcoin Fund in the 1st quarter worth about $422,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position 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 worth $376,000 after buying an additional 6,044 shares in the last quarter.
CoinShares Valkyrie Bitcoin Fund Stock Down 0.1%
Shares of NASDAQ BRRR opened at $21.58 on Tuesday. The stock has a fifty day moving average price of $22.83 and a 200 day moving average price of $20.67. CoinShares Valkyrie Bitcoin Fund has a 1-year low of $16.37 and a 1-year high of $30.52.
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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