Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Sees Large Increase in Short Interest

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 446,200 shares, a growth of 63.7% from the October 15th total of 272,600 shares. Based on an average daily volume of 414,700 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Valkyrie Bitcoin Miners ETF

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its position in shares of Valkyrie Bitcoin Miners ETF by 2,037.7% in the 1st quarter. Jane Street Group LLC now owns 310,656 shares of the company’s stock worth $5,685,000 after purchasing an additional 296,124 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in Valkyrie Bitcoin Miners ETF during the first quarter worth about $46,000. VitalStone Financial LLC grew its position in shares of Valkyrie Bitcoin Miners ETF by 114.0% during the 2nd quarter. VitalStone Financial LLC now owns 42,559 shares of the company’s stock worth $901,000 after buying an additional 22,676 shares during the period. Creative Planning increased its stake in shares of Valkyrie Bitcoin Miners ETF by 1,008.8% in the 3rd 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 during the last quarter. Finally, Nwam LLC acquired a new stake in shares of Valkyrie Bitcoin Miners ETF in the 3rd quarter valued at approximately $346,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Stock Performance

Valkyrie Bitcoin Miners ETF stock opened at $26.34 on Friday. The company’s 50-day moving average is $20.35 and its two-hundred day moving average is $19.66. Valkyrie Bitcoin Miners ETF has a 1 year low of $9.07 and a 1 year high of $30.82.

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.