Short Interest in Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Increases By 56.0%

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,340,000 shares, agrowthof56.0% from the July 15th total of 858,800 shares. Approximately18.6% of the shares of the stock are sold short. Based on an average daily volume of 636,000 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 636,000 shares, the short-interest ratio is currently 2.1 days. Approximately18.6% of the shares of the stock are sold short.

Valkyrie Bitcoin Miners ETF Stock Performance

Shares of WGMI stock opened at $26.60 on Wednesday. The stock’s fifty day moving average is $24.06 and its 200-day moving average is $19.14. Valkyrie Bitcoin Miners ETF has a 52 week low of $11.09 and a 52 week high of $31.89.

Institutional Trading of Valkyrie Bitcoin Miners ETF

Large investors have recently made changes to their positions in the business. Maridea Wealth Management LLC increased its holdings in shares of Valkyrie Bitcoin Miners ETF by 4.4% in the second quarter. Maridea Wealth Management LLC now owns 86,361 shares of the company’s stock valued at $1,964,000 after purchasing an additional 3,622 shares in the last quarter. GTS Securities LLC increased its holdings in shares of Valkyrie Bitcoin Miners ETF by 57.8% in the fourth quarter. GTS Securities LLC now owns 54,136 shares of the company’s stock valued at $1,201,000 after purchasing an additional 19,837 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Valkyrie Bitcoin Miners ETF by 14.3% in the second quarter. Axxcess Wealth Management LLC now owns 40,000 shares of the company’s stock valued at $910,000 after purchasing an additional 5,000 shares in the last quarter. Matauro LLC increased its holdings in shares of Valkyrie Bitcoin Miners ETF by 11.3% in the second quarter. Matauro LLC now owns 38,861 shares of the company’s stock valued at $884,000 after purchasing an additional 3,956 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Valkyrie Bitcoin Miners ETF in the second quarter valued at approximately $682,000. Institutional investors own 24.15% of the company’s stock.

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.