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

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 435,600 shares, a drop of 36.5% from the January 31st total of 686,100 shares. Based on an average trading volume of 611,200 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Valkyrie Bitcoin Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maridea Wealth Management LLC purchased a new position in shares of Valkyrie Bitcoin Miners ETF during the fourth quarter valued at approximately $817,000. Commonwealth Equity Services LLC boosted its holdings in Valkyrie Bitcoin Miners ETF by 26.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 125,256 shares of the company’s stock worth $2,779,000 after acquiring an additional 26,120 shares during the last quarter. GTS Securities LLC grew its stake in shares of Valkyrie Bitcoin Miners ETF by 57.8% in the 4th quarter. GTS Securities LLC now owns 54,136 shares of the company’s stock worth $1,201,000 after acquiring an additional 19,837 shares in the last quarter. Nwam LLC bought a new stake in shares of Valkyrie Bitcoin Miners ETF in the 3rd quarter worth $346,000. Finally, Centaurus Financial Inc. bought a new position in shares of Valkyrie Bitcoin Miners ETF during the third quarter valued at about $336,000. 24.15% of the stock is owned by institutional investors.

Valkyrie Bitcoin Miners ETF Stock Performance

NASDAQ WGMI opened at $16.50 on Tuesday. Valkyrie Bitcoin Miners ETF has a 52 week low of $12.76 and a 52 week high of $31.89. The business has a 50 day moving average price of $22.72 and a 200-day moving average price of $22.33.

Valkyrie Bitcoin Miners ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were given a $0.0493 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

About Valkyrie Bitcoin Miners ETF

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.