Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI – Get Free Report) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 414,838 shares, a decline of 44.8% from the April 15th total of 751,694 shares. Approximately 6.8% of the company’s stock are short sold. Based on an average daily volume of 450,855 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Trading of Valkyrie Bitcoin Miners ETF
Several hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP purchased a new stake in Valkyrie Bitcoin Miners ETF during the third quarter valued at approximately $6,194,000. Quadrature Capital Ltd acquired a new stake in Valkyrie Bitcoin Miners ETF during the fourth quarter worth about $4,573,000. Arlington Capital Management Inc. acquired a new stake in Valkyrie Bitcoin Miners ETF in the third quarter valued at approximately $3,432,000. LPL Financial LLC boosted its stake in Valkyrie Bitcoin Miners ETF by 311.6% during the 4th quarter. LPL Financial LLC now owns 73,462 shares of the company’s stock worth $2,811,000 after purchasing an additional 55,612 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Valkyrie Bitcoin Miners ETF by 70.7% during the third quarter. Private Advisor Group LLC now owns 119,600 shares of the company’s stock worth $5,291,000 after buying an additional 49,528 shares during the last quarter. Institutional investors own 24.15% of the company’s stock.
Valkyrie Bitcoin Miners ETF Price Performance
WGMI traded down $3.14 during trading on Monday, hitting $54.07. 668,015 shares of the company traded hands, compared to its average volume of 611,076. The stock’s fifty day moving average is $44.41 and its 200 day moving average is $44.77. Valkyrie Bitcoin Miners ETF has a one year low of $16.31 and a one year high of $67.89.
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.
See Also
- Five stocks we like better than Valkyrie Bitcoin Miners ETF
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Receive News & Ratings for Valkyrie Bitcoin Miners ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valkyrie Bitcoin Miners ETF and related companies with MarketBeat.com's FREE daily email newsletter.
