Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Trading 3.1% Higher – Time to Buy?

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) shares were up 3.1% on Friday . The company traded as high as $26.57 and last traded at $25.37. Approximately 457,933 shares changed hands during trading, a decline of 20% from the average daily volume of 575,958 shares. The stock had previously closed at $24.60.

Valkyrie Bitcoin Miners ETF Stock Performance

The business’s 50 day moving average price is $26.07 and its two-hundred day moving average price is $22.19.

Valkyrie Bitcoin Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On Valkyrie Bitcoin Miners ETF

Institutional investors have recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new stake in shares of Valkyrie Bitcoin Miners ETF in the 3rd quarter worth about $336,000. Nwam LLC bought a new stake in Valkyrie Bitcoin Miners ETF during the third quarter worth about $346,000. Finally, Creative Planning grew its holdings in Valkyrie Bitcoin Miners ETF by 1,008.8% in 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. Institutional investors own 24.15% of the company’s stock.

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.