Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI – Get Free Report) traded up 4.9% during mid-day trading on Wednesday. The stock traded as high as $32.84 and last traded at $32.78. 1,334,371 shares traded hands during trading, an increase of 104% from the average daily volume of 654,480 shares. The stock had previously closed at $31.25.
Valkyrie Bitcoin Miners ETF Price Performance
The stock has a fifty day moving average price of $41.68 and a 200-day moving average price of $48.10.
Institutional Investors Weigh In On Valkyrie Bitcoin Miners ETF
Institutional investors have recently added to or reduced their stakes in the stock. Blue Jean Financial LLC bought a new position in Valkyrie Bitcoin Miners ETF in the third quarter worth about $666,000. Farther Finance Advisors LLC lifted its position in shares of Valkyrie Bitcoin Miners ETF by 209.8% during the third quarter. Farther Finance Advisors LLC now owns 2,556 shares of the company’s stock valued at $115,000 after buying an additional 1,731 shares during the last quarter. Gainline Financial Partners LLC bought a new stake in shares of Valkyrie Bitcoin Miners ETF in the 2nd quarter valued at about $260,000. Nwam LLC bought a new stake in shares of Valkyrie Bitcoin Miners ETF in the 2nd quarter valued at about $287,000. Finally, Centaurus Financial Inc. boosted its holdings in shares of Valkyrie Bitcoin Miners ETF by 1.5% in the 1st quarter. Centaurus Financial Inc. now owns 13,297 shares of the company’s stock valued at $463,000 after buying an additional 200 shares in the last quarter. Institutional investors 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.
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