Investors Purchase Large Volume of Valkyrie Bitcoin Miners ETF Call Options (NASDAQ:WGMI)

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of unusually large options trading activity on Friday. Stock traders bought 4,800 call options on the company. This is an increase of 382% compared to the typical volume of 996 call options.

Institutional Trading of Valkyrie Bitcoin Miners ETF

Several institutional investors and hedge funds have recently made changes to their positions in WGMI. Private Advisor Group LLC lifted its position in shares of Valkyrie Bitcoin Miners ETF by 62.0% in the 1st quarter. Private Advisor Group LLC now owns 79,204 shares of the company’s stock worth $2,758,000 after purchasing an additional 30,309 shares during the period. Arlington Capital Management Inc. purchased a new stake in shares of Valkyrie Bitcoin Miners ETF during the first quarter worth about $2,491,000. Blue Jean Financial LLC acquired a new position in Valkyrie Bitcoin Miners ETF during the 3rd quarter valued at approximately $666,000. Centaurus Financial Inc. increased its position 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 acquiring an additional 200 shares during the period. Finally, Fifth Third Bancorp acquired a new position in shares of Valkyrie Bitcoin Miners ETF in the 1st quarter valued at $418,000. 24.15% of the stock is currently owned by institutional investors.

Valkyrie Bitcoin Miners ETF Price Performance

Shares of WGMI stock traded up $1.46 on Friday, reaching $24.72. 197,432 shares of the company’s stock were exchanged, compared to its average volume of 660,413. Valkyrie Bitcoin Miners ETF has a 52 week low of $22.20 and a 52 week high of $76.94. The company’s fifty day simple moving average is $40.15 and its 200 day simple moving average is $47.64.

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.