Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Sees Significant Decline in Short Interest

Posted by ABMN Staff on Mar 20th, 2025

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI – Get Free Report) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 355,100 shares, a drop of 18.5% from the February 13th total of 435,600 shares. Based on an average trading volume of 674,600 shares, the short-interest ratio is currently 0.5 days. Approximately 4.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Valkyrie Bitcoin Miners ETF

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

Valkyrie Bitcoin Miners ETF Stock Up 6.7 %

WGMI opened at $15.20 on Thursday. The firm’s fifty day moving average price is $20.65 and its two-hundred day moving average price is $22.03. Valkyrie Bitcoin Miners ETF has a 1 year low of $12.76 and a 1 year high of $31.89.

Valkyrie Bitcoin Miners ETF Announces Dividend

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

About Valkyrie Bitcoin Miners ETF

(Get Free Report)

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.