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

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 221,500 shares, a drop of 50.4% from the October 31st total of 446,200 shares. Based on an average trading volume of 511,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Valkyrie Bitcoin Miners ETF

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its stake in shares of Valkyrie Bitcoin Miners ETF by 2,037.7% during the 1st quarter. Jane Street Group LLC now owns 310,656 shares of the company’s stock worth $5,685,000 after purchasing an additional 296,124 shares during the last quarter. Creative Planning raised its stake in shares of 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 buying an additional 137,151 shares during the period. VitalStone Financial LLC lifted its position in shares of Valkyrie Bitcoin Miners ETF by 114.0% during the 2nd quarter. VitalStone Financial LLC now owns 42,559 shares of the company’s stock valued at $901,000 after buying an additional 22,676 shares during the last quarter. Nwam LLC purchased a new position in shares of Valkyrie Bitcoin Miners ETF during the 3rd quarter valued at $346,000. Finally, Centaurus Financial Inc. bought a new position in shares of Valkyrie Bitcoin Miners ETF during the 3rd quarter worth $336,000. Institutional investors own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Price Performance

WGMI stock opened at $29.14 on Friday. Valkyrie Bitcoin Miners ETF has a 1-year low of $11.12 and a 1-year high of $30.82. The stock’s fifty day simple moving average is $22.72 and its two-hundred day simple moving average is $20.63.

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.