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

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 588,000 shares, an increase of 72.0% from the December 31st total of 341,900 shares. Based on an average daily trading volume, of 671,000 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Valkyrie Bitcoin Miners ETF

A number of large investors have recently made changes to their positions in WGMI. Blue Trust Inc. acquired a new position in shares of Valkyrie Bitcoin Miners ETF in the 4th quarter valued at about $33,000. Centaurus Financial Inc. acquired a new position in shares of Valkyrie Bitcoin Miners ETF in the 3rd quarter valued at about $336,000. Nwam LLC acquired a new position in shares of Valkyrie Bitcoin Miners ETF in the 3rd quarter valued at about $346,000. Redwood Wealth Management Group LLC increased its holdings in shares of Valkyrie Bitcoin Miners ETF by 32.9% in the 4th quarter. Redwood Wealth Management Group LLC now owns 26,715 shares of the company’s stock valued at $592,000 after purchasing an additional 6,615 shares during the period. Finally, Creative Planning increased its holdings in shares of Valkyrie Bitcoin Miners ETF by 1,008.8% in the 3rd quarter. Creative Planning now owns 150,746 shares of the company’s stock valued at $2,866,000 after purchasing an additional 137,151 shares during the period. Institutional investors and hedge funds own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Stock Performance

NASDAQ WGMI opened at $22.50 on Friday. Valkyrie Bitcoin Miners ETF has a 1 year low of $12.06 and a 1 year high of $31.89. The stock’s 50-day moving average price is $25.54 and its two-hundred day moving average price is $22.25.

Valkyrie Bitcoin Miners ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were issued a $0.0493 dividend. The ex-dividend date of this dividend was Tuesday, December 24th.

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.