Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI – Get Free Report) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 414,838 shares, a decrease of 44.8% from the April 15th total of 751,694 shares. Currently, 6.8% of the company’s stock are sold short. Based on an average daily trading volume, of 450,855 shares, the short-interest ratio is presently 0.9 days.
Valkyrie Bitcoin Miners ETF Stock Performance
Shares of Valkyrie Bitcoin Miners ETF stock traded down $4.34 during midday trading on Friday, hitting $57.21. The company had a trading volume of 582,929 shares, compared to its average volume of 610,775. The company has a 50 day moving average of $44.41 and a 200 day moving average of $44.88. Valkyrie Bitcoin Miners ETF has a 52-week low of $16.31 and a 52-week high of $67.89.
Institutional Trading of Valkyrie Bitcoin Miners ETF
Institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP purchased a new stake in Valkyrie Bitcoin Miners ETF during the 3rd quarter valued at $6,194,000. Quadrature Capital Ltd purchased a new stake in Valkyrie Bitcoin Miners ETF during the 4th quarter valued at $4,573,000. Arlington Capital Management Inc. purchased a new stake in Valkyrie Bitcoin Miners ETF during the 3rd quarter valued at $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 valued at $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 3rd quarter. Private Advisor Group LLC now owns 119,600 shares of the company’s stock valued at $5,291,000 after purchasing an additional 49,528 shares during the last quarter. 24.15% of the stock is currently owned by hedge funds and other institutional investors.
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.
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