Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Short Interest Up 63.7% in October

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 446,200 shares, a growth of 63.7% from the October 15th total of 272,600 shares. Based on an average daily volume of 414,700 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC raised its holdings 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 valued at $5,685,000 after purchasing an additional 296,124 shares in the last quarter. Creative Planning raised its holdings in Valkyrie Bitcoin Miners ETF by 1,008.8% in the 3rd quarter. Creative Planning now owns 150,746 shares of the company’s stock worth $2,866,000 after acquiring an additional 137,151 shares during the period. VitalStone Financial LLC raised its holdings in Valkyrie Bitcoin Miners ETF by 114.0% in the 2nd quarter. VitalStone Financial LLC now owns 42,559 shares of the company’s stock worth $901,000 after acquiring an additional 22,676 shares during the period. Nwam LLC bought a new position in Valkyrie Bitcoin Miners ETF in the 3rd quarter worth $346,000. Finally, Centaurus Financial Inc. bought a new position in Valkyrie Bitcoin Miners ETF in the 3rd quarter worth $336,000. Institutional investors own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Price Performance

Shares of NASDAQ:WGMI opened at $29.75 on Wednesday. The firm has a fifty day moving average of $19.85 and a two-hundred day moving average of $19.51. Valkyrie Bitcoin Miners ETF has a 12-month low of $8.91 and a 12-month high of $30.41.

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.