Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Sees Large Increase in Short Interest

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 446,200 shares, an increase of 63.7% from the October 15th total of 272,600 shares. Based on an average daily trading volume, of 414,700 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Valkyrie Bitcoin Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of WGMI. Jane Street Group LLC lifted its position in shares of Valkyrie Bitcoin Miners ETF by 2,037.7% during the first quarter. Jane Street Group LLC now owns 310,656 shares of the company’s stock worth $5,685,000 after purchasing an additional 296,124 shares in the last quarter. Creative Planning lifted its stake 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 valued at $2,866,000 after buying an additional 137,151 shares during the last quarter. VitalStone Financial LLC grew its holdings in shares of Valkyrie Bitcoin Miners ETF by 114.0% during the second quarter. VitalStone Financial LLC now owns 42,559 shares of the company’s stock worth $901,000 after buying an additional 22,676 shares during the last quarter. Nwam LLC purchased a new position in Valkyrie Bitcoin Miners ETF during the 3rd quarter worth $346,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Valkyrie Bitcoin Miners ETF in the 3rd quarter valued at approximately $336,000. 24.15% of the stock is owned by institutional investors and hedge funds.

Valkyrie Bitcoin Miners ETF Price Performance

Shares of NASDAQ:WGMI traded down $1.31 during midday trading on Thursday, hitting $25.50. The company had a trading volume of 847,417 shares, compared to its average volume of 447,523. The business’s 50-day simple moving average is $20.35 and its 200-day simple moving average is $19.66. Valkyrie Bitcoin Miners ETF has a twelve month low of $9.07 and a twelve month high of $30.82.

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.