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

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 751,694 shares, a decrease of 14.9% from the March 31st total of 883,096 shares. Based on an average daily trading volume, of 499,936 shares, the days-to-cover ratio is currently 1.5 days. Currently, 13.2% of the company’s shares are short sold.

Valkyrie Bitcoin Miners ETF Price Performance

NASDAQ:WGMI opened at $48.17 on Friday. Valkyrie Bitcoin Miners ETF has a 1-year low of $13.90 and a 1-year high of $67.89. The business’s 50-day moving average price is $41.21 and its two-hundred day moving average price is $45.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WGMI. Two Sigma Investments LP acquired a new position in Valkyrie Bitcoin Miners ETF in the third quarter valued at about $6,194,000. Quadrature Capital Ltd acquired a new position in Valkyrie Bitcoin Miners ETF in the fourth quarter valued at about $4,573,000. Arlington Capital Management Inc. acquired a new position in Valkyrie Bitcoin Miners ETF in the third quarter valued at about $3,432,000. LPL Financial LLC grew its stake in Valkyrie Bitcoin Miners ETF by 311.6% in the fourth quarter. LPL Financial LLC now owns 73,462 shares of the company’s stock valued at $2,811,000 after acquiring an additional 55,612 shares during the period. Finally, Private Advisor Group LLC grew its stake in Valkyrie Bitcoin Miners ETF by 70.7% in the third quarter. Private Advisor Group LLC now owns 119,600 shares of the company’s stock valued at $5,291,000 after acquiring an additional 49,528 shares during the period. 24.15% of the stock is owned by institutional investors and hedge funds.

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.