Valkyrie Bitcoin Miners ETF Sees Unusually High Options Volume (NASDAQ:WGMI)

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of unusually large options trading activity on Monday. Traders bought 5,460 put options on the stock. This is an increase of approximately 248% compared to the average volume of 1,567 put options.

Valkyrie Bitcoin Miners ETF Price Performance

Valkyrie Bitcoin Miners ETF stock opened at $17.55 on Wednesday. Valkyrie Bitcoin Miners ETF has a 52 week low of $8.50 and a 52 week high of $27.78. The company’s 50 day moving average price is $19.46 and its two-hundred day moving average price is $18.23.

Hedge Funds Weigh In On Valkyrie Bitcoin Miners ETF

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC bought a new position in shares of Valkyrie Bitcoin Miners ETF during the 1st quarter worth approximately $46,000. Redwood Wealth Management Group LLC bought a new position in shares of Valkyrie Bitcoin Miners ETF during the 1st quarter worth approximately $285,000. VitalStone Financial LLC lifted its position in shares of Valkyrie Bitcoin Miners ETF by 1,589.3% during the 1st quarter. VitalStone Financial LLC now owns 19,883 shares of the company’s stock worth $364,000 after buying an additional 18,706 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Valkyrie Bitcoin Miners ETF during the 1st quarter worth approximately $1,678,000. Finally, Jane Street Group LLC lifted its position in shares of Valkyrie Bitcoin Miners ETF by 2,037.7% during the 1st quarter. Jane Street Group LLC now owns 310,656 shares of the company’s stock worth $5,685,000 after buying an additional 296,124 shares in the last quarter. Institutional investors own 24.15% of the company’s stock.

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.