Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Sees Large Growth in Short Interest

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 295,700 shares, a growth of 48.8% from the March 31st total of 198,700 shares. Based on an average daily trading volume, of 475,500 shares, the short-interest ratio is presently 0.6 days.

Valkyrie Bitcoin Miners ETF Stock Performance

Valkyrie Bitcoin Miners ETF stock opened at $16.22 on Friday. Valkyrie Bitcoin Miners ETF has a 1 year low of $8.50 and a 1 year high of $22.48. The firm’s 50 day moving average price is $16.54 and its two-hundred day moving average price is $14.29.

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.