Traders Buy High Volume of Valkyrie Bitcoin Miners ETF Put Options (NASDAQ:WGMI)

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the target of some unusual options trading activity on Monday. Traders purchased 5,460 put options on the stock. This represents an increase of 248% compared to the average daily volume of 1,567 put options.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in Valkyrie Bitcoin Miners ETF by 2,037.7% in the 1st quarter. Jane Street Group LLC now owns 310,656 shares of the company’s stock valued at $5,685,000 after acquiring an additional 296,124 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Valkyrie Bitcoin Miners ETF in the 1st quarter worth approximately $1,678,000. VitalStone Financial LLC lifted its stake in Valkyrie Bitcoin Miners ETF by 114.0% during the second quarter. VitalStone Financial LLC now owns 42,559 shares of the company’s stock valued at $901,000 after purchasing an additional 22,676 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in Valkyrie Bitcoin Miners ETF during the first quarter worth approximately $285,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Valkyrie Bitcoin Miners ETF in the first quarter worth approximately $46,000. Institutional investors own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Stock Performance

NASDAQ WGMI traded down $0.30 on Monday, reaching $17.18. 78,427 shares of the stock traded hands, compared to its average volume of 425,145. Valkyrie Bitcoin Miners ETF has a 12 month low of $8.50 and a 12 month high of $27.78. The firm’s fifty day simple moving average is $19.68 and its 200 day simple moving average is $18.23.

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.