Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Sees Significant Increase in Short Interest

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the target of a large increase in short interest in 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 daily trading volume, of 671,000 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Valkyrie Bitcoin Miners ETF

A number of large investors have recently added to or reduced their stakes in WGMI. Creative Planning boosted its position 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 purchasing an additional 137,151 shares during the period. Nwam LLC bought a new stake in Valkyrie Bitcoin Miners ETF during the third quarter worth approximately $346,000. Centaurus Financial Inc. bought a new stake in Valkyrie Bitcoin Miners ETF during the third quarter worth approximately $336,000. Redwood Wealth Management Group LLC boosted its position in Valkyrie Bitcoin Miners ETF by 32.9% during the fourth quarter. Redwood Wealth Management Group LLC now owns 26,715 shares of the company’s stock worth $592,000 after purchasing an additional 6,615 shares during the period. Finally, Blue Trust Inc. bought a new stake in Valkyrie Bitcoin Miners ETF during the fourth quarter worth approximately $33,000. Institutional investors own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Price Performance

Shares of NASDAQ WGMI opened at $22.50 on Friday. The business has a 50 day simple moving average of $25.54 and a 200 day simple moving average of $22.25. Valkyrie Bitcoin Miners ETF has a 52 week low of $12.06 and a 52 week high of $31.89.

Valkyrie Bitcoin Miners ETF Dividend Announcement

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