Valkyrie Bitcoin Miners ETF Sees Unusually High Options Volume (NASDAQ:WGMI)

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) was the target of some unusual options trading on Tuesday. Investors bought 4,921 call options on the company. This is an increase of approximately 279% compared to the average daily volume of 1,300 call options.

Valkyrie Bitcoin Miners ETF Stock Performance

NASDAQ WGMI opened at $11.91 on Thursday. Valkyrie Bitcoin Miners ETF has a 1-year low of $11.09 and a 1-year high of $31.89. The stock’s 50 day simple moving average is $16.17 and its 200-day simple moving average is $21.33.

Institutional Investors Weigh In On Valkyrie Bitcoin Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in WGMI. Blue Trust Inc. acquired a new stake in shares of Valkyrie Bitcoin Miners ETF in the fourth quarter valued at about $33,000. Commonwealth Equity Services LLC raised 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 valued at $2,779,000 after acquiring an additional 26,120 shares during the last quarter. Nwam LLC lifted its stake in Valkyrie Bitcoin Miners ETF by 7.3% in the 4th quarter. Nwam LLC now owns 19,512 shares of the company’s stock worth $433,000 after purchasing an additional 1,333 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in Valkyrie Bitcoin Miners ETF in the 4th quarter worth approximately $246,000. Finally, Maridea Wealth Management LLC acquired a new position in shares of Valkyrie Bitcoin Miners ETF during the 4th quarter worth approximately $817,000. Institutional investors and hedge funds own 24.15% of the company’s stock.

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.