Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Trading Up 3.2% – What’s Next?

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI)’s stock price traded up 3.2% during mid-day trading on Friday . The stock traded as high as $68.31 and last traded at $65.97. 526,399 shares were traded during trading, a decline of 16% from the average session volume of 629,107 shares. The stock had previously closed at $63.92.

Valkyrie Bitcoin Miners ETF Trading Up 3.2%

The firm has a 50-day simple moving average of $55.04 and a 200-day simple moving average of $46.73.

Institutional Investors Weigh In On Valkyrie Bitcoin Miners ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. raised its position in Valkyrie Bitcoin Miners ETF by 1.5% during the first quarter. Centaurus Financial Inc. now owns 13,297 shares of the company’s stock valued at $463,000 after purchasing an additional 200 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Valkyrie Bitcoin Miners ETF by 1.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 19,057 shares of the company’s stock valued at $729,000 after purchasing an additional 278 shares in the last quarter. Cresset Asset Management LLC raised its position in Valkyrie Bitcoin Miners ETF by 2.1% during the third quarter. Cresset Asset Management LLC now owns 27,476 shares of the company’s stock valued at $1,216,000 after purchasing an additional 563 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in Valkyrie Bitcoin Miners ETF during the fourth quarter valued at about $27,000. Finally, Atlatl Advisers LLC raised its position in Valkyrie Bitcoin Miners ETF by 5.9% during the fourth quarter. Atlatl Advisers LLC now owns 25,178 shares of the company’s stock valued at $964,000 after purchasing an additional 1,393 shares in the last quarter. Hedge funds and other institutional investors own 24.15% of the company’s stock.

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.