Investors Purchase High Volume of Valkyrie Bitcoin Miners ETF Call Options (NASDAQ:WGMI)

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 4,921 call options on the stock. This is an increase of approximately 279% compared to the typical volume of 1,300 call options.

Institutional Investors Weigh In On Valkyrie Bitcoin Miners ETF

Several hedge funds have recently made changes to their positions in WGMI. Maridea Wealth Management LLC purchased a new stake in Valkyrie Bitcoin Miners ETF in the fourth quarter valued at approximately $817,000. Commonwealth Equity Services LLC boosted its holdings in Valkyrie Bitcoin Miners ETF by 26.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 125,256 shares of the company’s stock worth $2,779,000 after acquiring an additional 26,120 shares during the period. GTS Securities LLC grew its position in Valkyrie Bitcoin Miners ETF by 57.8% in the fourth quarter. GTS Securities LLC now owns 54,136 shares of the company’s stock valued at $1,201,000 after acquiring an additional 19,837 shares in the last quarter. Vista Investment Partners II LLC acquired a new position in shares of Valkyrie Bitcoin Miners ETF during the fourth quarter worth $338,000. Finally, Bank of Montreal Can acquired a new stake in Valkyrie Bitcoin Miners ETF during the 4th quarter valued at $263,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

Valkyrie Bitcoin Miners ETF Stock Performance

Shares of NASDAQ:WGMI traded down $0.91 during trading on Tuesday, reaching $11.79. The stock had a trading volume of 510,938 shares, compared to its average volume of 521,155. Valkyrie Bitcoin Miners ETF has a fifty-two week low of $11.09 and a fifty-two week high of $31.89. The business has a fifty day moving average price of $16.61 and a 200-day moving average price of $21.46.

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.