Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Short Interest Up 68.2% in December

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 360,700 shares, an increase of 68.2% from the November 30th total of 214,400 shares. Based on an average daily volume of 625,400 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Valkyrie Bitcoin Miners ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. purchased a new stake in shares of Valkyrie Bitcoin Miners ETF during the 3rd quarter worth approximately $336,000. Nwam LLC acquired a new stake in Valkyrie Bitcoin Miners ETF during the 3rd quarter worth $346,000. VitalStone Financial LLC lifted its position in Valkyrie Bitcoin Miners ETF by 114.0% in the second quarter. VitalStone Financial LLC now owns 42,559 shares of the company’s stock valued at $901,000 after acquiring an additional 22,676 shares during the last quarter. Finally, Creative Planning boosted its stake in Valkyrie Bitcoin Miners ETF by 1,008.8% in the third quarter. Creative Planning now owns 150,746 shares of the company’s stock valued at $2,866,000 after acquiring an additional 137,151 shares in the last quarter. 24.15% of the stock is currently owned by hedge funds and other institutional investors.

Valkyrie Bitcoin Miners ETF Stock Down 2.0 %

NASDAQ:WGMI opened at $24.85 on Friday. Valkyrie Bitcoin Miners ETF has a 1 year low of $11.20 and a 1 year high of $31.89. The stock has a 50-day simple moving average of $25.72 and a 200-day simple moving average of $21.97.

Valkyrie Bitcoin Miners ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th will be issued a $0.0493 dividend. The ex-dividend date is Tuesday, December 24th.

About Valkyrie Bitcoin Miners ETF

The Valkyrie Bitcoin Miners ETF (WGMI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides active exposure to companies that derive at least 50% of their revenue from bitcoin mining operations and/or services related to bitcoin mining. WGMI was launched on Feb 7, 2022 and is managed by Valkyrie.