Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Sees Significant Growth in Short Interest

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

Institutional Trading of Valkyrie Bitcoin Miners ETF

Large investors have recently modified their holdings of the company. Jane Street Group LLC increased its holdings in shares of 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. EverSource Wealth Advisors LLC acquired a new position in shares of Valkyrie Bitcoin Miners ETF during the first quarter valued at approximately $46,000. VitalStone Financial LLC raised its holdings in Valkyrie Bitcoin Miners ETF by 114.0% during the second quarter. VitalStone Financial LLC now owns 42,559 shares of the company’s stock worth $901,000 after purchasing an additional 22,676 shares in the last quarter. Creative Planning lifted its position 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 worth $2,866,000 after purchasing an additional 137,151 shares during the period. Finally, Nwam LLC bought a new position in Valkyrie Bitcoin Miners ETF during the 3rd quarter valued at $346,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Trading Up 3.3 %

WGMI stock opened at $26.34 on Friday. The firm has a fifty day moving average price of $20.35 and a two-hundred day moving average price of $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.