Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Short Interest Update

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 355,100 shares, a decrease of 18.5% from the February 13th total of 435,600 shares. Based on an average daily volume of 674,600 shares, the days-to-cover ratio is currently 0.5 days. Approximately 4.2% of the company’s stock are short sold.

Valkyrie Bitcoin Miners ETF Stock Performance

NASDAQ:WGMI opened at $15.20 on Thursday. Valkyrie Bitcoin Miners ETF has a fifty-two week low of $12.76 and a fifty-two week high of $31.89. The firm has a 50-day simple moving average of $20.65 and a two-hundred day simple moving average of $22.03.

Valkyrie Bitcoin Miners ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were given a dividend of $0.0493 per share. The ex-dividend date of this dividend was Tuesday, December 24th.

Hedge Funds Weigh In On Valkyrie Bitcoin Miners ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FWL Investment Management LLC bought a new stake in shares of Valkyrie Bitcoin Miners ETF in the 4th quarter worth $29,000. Blue Trust Inc. purchased a new stake in shares of Valkyrie Bitcoin Miners ETF during the fourth quarter valued at $33,000. BOKF NA bought a new stake in Valkyrie Bitcoin Miners ETF in the 4th quarter worth about $33,000. Tower Research Capital LLC TRC purchased a new position in Valkyrie Bitcoin Miners ETF in the 4th quarter worth about $173,000. Finally, Cresset Asset Management LLC bought a new position in Valkyrie Bitcoin Miners ETF during the 4th quarter valued at about $233,000. 24.15% of the stock is owned by 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.