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

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 588,000 shares, an increase of 72.0% from the December 31st total of 341,900 shares. Based on an average trading volume of 671,000 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Valkyrie Bitcoin Miners ETF

Several institutional investors have recently bought and sold shares of WGMI. Creative Planning raised its stake in Valkyrie Bitcoin Miners ETF by 1,008.8% during the third quarter. Creative Planning now owns 150,746 shares of the company’s stock worth $2,866,000 after acquiring an additional 137,151 shares in the last quarter. Nwam LLC acquired a new stake in shares of Valkyrie Bitcoin Miners ETF during the 3rd quarter worth about $346,000. Centaurus Financial Inc. bought a new position in Valkyrie Bitcoin Miners ETF during the 3rd quarter valued at about $336,000. Redwood Wealth Management Group LLC boosted its position in Valkyrie Bitcoin Miners ETF by 32.9% in the fourth quarter. Redwood Wealth Management Group LLC now owns 26,715 shares of the company’s stock valued at $592,000 after buying an additional 6,615 shares in the last quarter. Finally, Blue Trust Inc. bought a new stake in Valkyrie Bitcoin Miners ETF during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Stock Performance

Shares of WGMI opened at $22.55 on Friday. The company has a 50-day moving average price of $25.48 and a two-hundred day moving average price of $22.25. Valkyrie Bitcoin Miners ETF has a 12 month low of $12.06 and a 12 month high of $31.89.

Valkyrie Bitcoin Miners ETF Announces Dividend

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

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.