Valkyrie Bitcoin Miners ETF (WGMI) Sees Significant Decrease in Short Interest in October

The Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI – Get Free Report) saw a significant decrease in short interest in the month of October.

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 272,600 shares, a decrease of 56.0% from the September 30th total of 619,500 shares. Based on an average daily volume of 358,800 shares, the short-interest ratio is presently 0.8 days.

Several institutional investors and hedge funds recently adjusted their positions in the company’s stock. Jane Street Group LLC increased its holdings in Valkyrie Bitcoin Miners ETF by 2,037.7% in the 1st quarter. Jane Street Group LLC now holds 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 increased its stake 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, valued at $2,866,000, after buying an additional 137,151 shares in the last quarter.

Commonwealth Equity Services LLC began a new position in Valkyrie Bitcoin Miners ETF in the 1st quarter, valued at about $1,678,000.

VitalStone Financial LLC increased its holdings in Valkyrie Bitcoin Miners ETF by 114.0% in the 2nd quarter. VitalStone Financial LLC now holds 42,559 shares of the company’s stock, valued at $901,000, after acquiring an additional 22,676 shares during the last quarter.

Finally, Redwood Wealth Management Group LLC purchased a new position in shares of Valkyrie Bitcoin Miners ETF during the 1st quarter, valued at about $285,000. 24.15% of the stock is owned by institutional investors and hedge funds.

Valkyrie Bitcoin Miners ETF opened at $21.84 on Friday. The firm has a 50 day simple moving average of $18.70 and a 200-day simple moving average of $18.76. Valkyrie Bitcoin Miners ETF has a one year low of $8.91 and a one year high of $27.78.

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.

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