Short Interest in Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Drops By 13.0%

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 951,037 shares, a drop of 13.0% from the January 29th total of 1,092,691 shares. Approximately 12.8% of the company’s shares are short sold. Based on an average daily trading volume, of 887,932 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily trading volume, of 887,932 shares, the days-to-cover ratio is presently 1.1 days. Approximately 12.8% of the company’s shares are short sold.

Institutional Trading of Valkyrie Bitcoin Miners ETF

Large investors have recently bought and sold shares of the business. Nwam LLC raised its holdings in Valkyrie Bitcoin Miners ETF by 28.9% during the 2nd quarter. Nwam LLC now owns 26,145 shares of the company’s stock worth $595,000 after buying an additional 5,859 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Valkyrie Bitcoin Miners ETF during the second quarter worth $370,000. Cresset Asset Management LLC lifted its position in Valkyrie Bitcoin Miners ETF by 108.9% in the 2nd 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 in the last quarter. Centaurus Financial Inc. boosted its stake in Valkyrie Bitcoin Miners ETF by 7.0% in the 2nd quarter. Centaurus Financial Inc. now owns 18,382 shares of the company’s stock worth $418,000 after purchasing an additional 1,200 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in Valkyrie Bitcoin Miners ETF in the 2nd quarter worth $682,000. 24.15% of the stock is owned by institutional investors.

Valkyrie Bitcoin Miners ETF Price Performance

NASDAQ:WGMI opened at $37.88 on Wednesday. Valkyrie Bitcoin Miners ETF has a 1 year low of $11.09 and a 1 year high of $67.89. The stock has a 50-day moving average price of $43.48 and a two-hundred day moving average price of $44.17.

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.