Short Interest in Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Expands By 68.2%

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

Valkyrie Bitcoin Miners ETF Stock Down 2.0 %

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

Valkyrie Bitcoin Miners ETF Dividend Announcement

The firm also recently disclosed 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.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. VitalStone Financial LLC grew its stake in shares of Valkyrie Bitcoin Miners ETF by 114.0% in the second quarter. VitalStone Financial LLC now owns 42,559 shares of the company’s stock worth $901,000 after acquiring an additional 22,676 shares in the last quarter. Creative Planning boosted its holdings 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 purchasing an additional 137,151 shares during the period. Nwam LLC acquired a new position in Valkyrie Bitcoin Miners ETF during the 3rd quarter worth $346,000. Finally, Centaurus Financial Inc. purchased a new stake in Valkyrie Bitcoin Miners ETF during the 3rd quarter worth about $336,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

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.