Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI – Get Free Report) saw some unusual options trading on Friday. Stock traders acquired 4,800 call options on the stock. This represents an increase of 382% compared to the typical daily volume of 996 call options.
Valkyrie Bitcoin Miners ETF Price Performance
WGMI traded up $1.46 during trading on Friday, reaching $24.72. The stock had a trading volume of 197,432 shares, compared to its average volume of 660,413. The stock’s 50 day moving average is $40.15 and its two-hundred day moving average is $47.64. Valkyrie Bitcoin Miners ETF has a one year low of $22.20 and a one year high of $76.94.
Institutional Investors Weigh In On Valkyrie Bitcoin Miners ETF
Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC increased its stake in Valkyrie Bitcoin Miners ETF by 62.0% during the 1st quarter. Private Advisor Group LLC now owns 79,204 shares of the company’s stock valued at $2,758,000 after purchasing an additional 30,309 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Valkyrie Bitcoin Miners ETF during the 1st quarter valued at $418,000. Arlington Capital Management Inc. bought a new stake in shares of Valkyrie Bitcoin Miners ETF during the 1st quarter valued at about $2,491,000. StoneX Group Inc. bought a new stake in Valkyrie Bitcoin Miners ETF during the third quarter valued at approximately $213,000. Finally, Blue Jean Financial LLC purchased a new stake in shares of Valkyrie Bitcoin Miners ETF in the 3rd quarter worth $666,000. 24.15% of the stock is owned by hedge funds and other institutional investors.
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.
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