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

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 562,400 shares, an increase of 21.0% from the August 31st total of 464,900 shares. Based on an average trading volume of 351,400 shares, the short-interest ratio is presently 1.6 days.

Valkyrie Bitcoin Miners ETF Price Performance

Shares of WGMI opened at $19.96 on Monday. Valkyrie Bitcoin Miners ETF has a 1-year low of $8.50 and a 1-year high of $27.78. The firm has a 50 day simple moving average of $18.62 and a 200-day simple moving average of $18.34.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WGMI. VitalStone Financial LLC increased its stake in shares of Valkyrie Bitcoin Miners ETF by 114.0% during the 2nd quarter. VitalStone Financial LLC now owns 42,559 shares of the company’s stock valued at $901,000 after acquiring an additional 22,676 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Valkyrie Bitcoin Miners ETF in the first quarter worth about $46,000. Jane Street Group LLC grew its position in Valkyrie Bitcoin Miners ETF by 2,037.7% in the first quarter. Jane Street Group LLC now owns 310,656 shares of the company’s stock valued at $5,685,000 after acquiring an additional 296,124 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new position in shares of Valkyrie Bitcoin Miners ETF in the first quarter valued at $285,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Valkyrie Bitcoin Miners ETF during the 1st quarter worth $1,678,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

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.