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

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 951,037 shares, a decline of 13.0% from the January 29th total of 1,092,691 shares. Based on an average trading volume of 887,932 shares, the short-interest ratio is currently 1.1 days. Approximately 12.8% of the company’s stock are sold short. Approximately 12.8% of the company’s stock are sold short. Based on an average trading volume of 887,932 shares, the short-interest ratio is currently 1.1 days.

Valkyrie Bitcoin Miners ETF Trading Up 8.8%

Shares of WGMI opened at $41.20 on Thursday. The business’s fifty day simple moving average is $43.48 and its two-hundred day simple moving average is $44.15. Valkyrie Bitcoin Miners ETF has a 12 month low of $11.09 and a 12 month high of $67.89.

Institutional Investors Weigh In On Valkyrie Bitcoin Miners ETF

Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new position in Valkyrie Bitcoin Miners ETF during the 4th quarter valued at about $4,573,000. OLD Mission Capital LLC purchased a new position in shares of Valkyrie Bitcoin Miners ETF during the fourth quarter valued at approximately $441,000. Royal Bank of Canada lifted its position in Valkyrie Bitcoin Miners ETF by 131.2% during the fourth quarter. Royal Bank of Canada now owns 33,944 shares of the company’s stock valued at $1,299,000 after purchasing an additional 19,261 shares during the period. Stifel Financial Corp boosted its holdings in Valkyrie Bitcoin Miners ETF by 95.1% in the fourth quarter. Stifel Financial Corp now owns 11,370 shares of the company’s stock worth $435,000 after purchasing an additional 5,542 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Valkyrie Bitcoin Miners ETF in the 4th quarter worth approximately $597,000. 24.15% of the stock is currently owned by institutional investors.

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.