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

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) saw a significant 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. Currently, 12.8% of the company’s stock are short sold. Based on an average daily volume of 887,932 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 887,932 shares, the days-to-cover ratio is presently 1.1 days. Currently, 12.8% of the company’s stock are short sold.

Valkyrie Bitcoin Miners ETF Trading Down 4.7%

Shares of WGMI opened at $39.25 on Friday. The stock has a 50 day simple moving average of $43.44 and a 200 day simple moving average of $44.11. Valkyrie Bitcoin Miners ETF has a 52-week low of $11.09 and a 52-week high of $67.89.

Institutional Investors Weigh In On Valkyrie Bitcoin Miners ETF

Large investors have recently made changes to their positions in the stock. Strategic Advocates LLC bought a new stake in Valkyrie Bitcoin Miners ETF in the 3rd quarter valued at $80,000. Blue Trust Inc. raised its stake in shares of Valkyrie Bitcoin Miners ETF by 157.7% in the 3rd quarter. Blue Trust Inc. now owns 3,878 shares of the company’s stock valued at $172,000 after purchasing an additional 2,373 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Valkyrie Bitcoin Miners ETF by 1,303.8% in the third quarter. JPMorgan Chase & Co. now owns 5,573 shares of the company’s stock valued at $247,000 after purchasing an additional 5,176 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Valkyrie Bitcoin Miners ETF by 51.9% during the fourth quarter. HighTower Advisors LLC now owns 7,761 shares of the company’s stock worth $297,000 after buying an additional 2,652 shares during the period. Finally, Mission Wealth Management LP bought a new position in shares of Valkyrie Bitcoin Miners ETF during the fourth quarter worth about $346,000. 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.