Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Short Interest Update

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 221,500 shares, a decline of 50.4% from the October 31st total of 446,200 shares. Based on an average trading volume of 511,600 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Valkyrie Bitcoin Miners ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new stake in shares of Valkyrie Bitcoin Miners ETF in the 1st quarter valued at $46,000. Jane Street Group LLC lifted its position in Valkyrie Bitcoin Miners ETF by 2,037.7% during the first quarter. Jane Street Group LLC now owns 310,656 shares of the company’s stock valued at $5,685,000 after purchasing an additional 296,124 shares during the period. Centaurus Financial Inc. purchased a new stake in Valkyrie Bitcoin Miners ETF in the third quarter valued at $336,000. Nwam LLC acquired a new stake in Valkyrie Bitcoin Miners ETF during the 3rd quarter worth about $346,000. Finally, Creative Planning raised its stake in shares of Valkyrie Bitcoin Miners ETF by 1,008.8% during the 3rd quarter. Creative Planning now owns 150,746 shares of the company’s stock valued at $2,866,000 after buying an additional 137,151 shares during the last quarter. Institutional investors and hedge funds own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Trading Up 11.4 %

Valkyrie Bitcoin Miners ETF stock opened at $27.97 on Thursday. Valkyrie Bitcoin Miners ETF has a fifty-two week low of $10.46 and a fifty-two week high of $30.82. The business’s 50-day simple moving average is $22.28 and its two-hundred day simple moving average is $20.48.

Valkyrie Bitcoin Miners ETF Company Profile

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.