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

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the target of a large 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 short-interest ratio is presently 0.9 days.

Valkyrie Bitcoin Miners ETF Stock Performance

Shares of NASDAQ WGMI opened at $22.55 on Friday. Valkyrie Bitcoin Miners ETF has a 12 month low of $12.06 and a 12 month high of $31.89. The company has a 50 day simple moving average of $25.37 and a two-hundred day simple moving average of $22.20.

Valkyrie Bitcoin Miners ETF Announces Dividend

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

Institutional Trading of Valkyrie Bitcoin Miners ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. acquired a new stake in Valkyrie Bitcoin Miners ETF during the 4th quarter valued at approximately $33,000. Redwood Wealth Management Group LLC increased its holdings in shares of Valkyrie Bitcoin Miners ETF by 32.9% during the 4th quarter. Redwood Wealth Management Group LLC now owns 26,715 shares of the company’s stock valued at $592,000 after purchasing an additional 6,615 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of Valkyrie Bitcoin Miners ETF during the 3rd quarter valued at approximately $336,000. Nwam LLC purchased a new position in shares of Valkyrie Bitcoin Miners ETF during the 3rd quarter valued at approximately $346,000. Finally, Creative Planning increased its holdings in shares of Valkyrie Bitcoin Miners ETF by 1,008.8% during the 3rd quarter. Creative Planning now owns 150,746 shares of the company’s stock valued at $2,866,000 after purchasing an additional 137,151 shares in the last quarter. 24.15% of the stock is currently owned by institutional investors and hedge funds.

About Valkyrie Bitcoin Miners ETF

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.