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

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,092,691 shares, a decline of 21.0% from the January 15th total of 1,383,404 shares. Based on an average daily volume of 856,500 shares, the short-interest ratio is presently 1.3 days. Approximately 14.7% of the shares of the stock are sold short. Approximately 14.7% of the shares of the stock are sold short. Based on an average daily volume of 856,500 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Valkyrie Bitcoin Miners ETF

A number of institutional investors have recently bought and sold shares of WGMI. FNY Investment Advisers LLC bought a new position in Valkyrie Bitcoin Miners ETF during the second quarter valued at approximately $71,000. Nwam LLC increased its holdings in Valkyrie Bitcoin Miners ETF by 28.9% in the 2nd quarter. Nwam LLC now owns 26,145 shares of the company’s stock valued at $595,000 after buying an additional 5,859 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Valkyrie Bitcoin Miners ETF during the second quarter valued at approximately $370,000. Cresset Asset Management LLC lifted its holdings in shares of Valkyrie Bitcoin Miners ETF by 108.9% during the second quarter. Cresset Asset Management LLC now owns 26,913 shares of the company’s stock valued at $612,000 after acquiring an additional 14,027 shares during the period. Finally, Centaurus Financial Inc. grew its stake in Valkyrie Bitcoin Miners ETF by 7.0% during the second quarter. Centaurus Financial Inc. now owns 18,382 shares of the company’s stock worth $418,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Trading Up 3.1%

Valkyrie Bitcoin Miners ETF stock opened at $41.34 on Friday. The stock has a 50-day moving average price of $43.84 and a 200 day moving average price of $42.76. Valkyrie Bitcoin Miners ETF has a 52 week low of $11.09 and a 52 week high of $67.89.

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.