Short Interest in Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Decreases By 18.5%

Posted by Defense World Staff on Mar 19th, 2025

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI – Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 355,100 shares, a decline of 18.5% from the February 13th total of 435,600 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average trading volume of 674,600 shares, the days-to-cover ratio is currently 0.5 days.

Valkyrie Bitcoin Miners ETF Stock Down 7.3 %

Shares of Valkyrie Bitcoin Miners ETF stock opened at $14.25 on Wednesday. The company has a fifty day moving average price of $20.81 and a 200 day moving average price of $22.08. Valkyrie Bitcoin Miners ETF has a twelve month low of $12.76 and a twelve month high of $31.89.

Valkyrie Bitcoin Miners ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were given a $0.0493 dividend. The ex-dividend date was Tuesday, December 24th.

Institutional Investors Weigh In On Valkyrie Bitcoin Miners ETF

Several hedge funds have recently modified their holdings of the stock. FWL Investment Management LLC acquired a new stake in Valkyrie Bitcoin Miners ETF in the fourth quarter valued at approximately $29,000. BOKF NA purchased a new position in shares of Valkyrie Bitcoin Miners ETF in the fourth quarter valued at $33,000. Blue Trust Inc. purchased a new stake in Valkyrie Bitcoin Miners ETF during the 4th quarter worth $33,000. Tower Research Capital LLC TRC purchased a new stake in Valkyrie Bitcoin Miners ETF during the 4th quarter worth $173,000. Finally, Cresset Asset Management LLC acquired a new position in Valkyrie Bitcoin Miners ETF in the 4th quarter worth $233,000. 24.15% of the stock is currently owned by hedge funds and other institutional investors.

About Valkyrie Bitcoin Miners ETF

(Get Free Report)

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.