Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) Stock Price Up 3.1% – What’s Next?

Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI)’s share price rose 3.1% on Friday . The company traded as high as $26.57 and last traded at $25.37. Approximately 457,933 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 575,958 shares. The stock had previously closed at $24.60.

Valkyrie Bitcoin Miners ETF Stock Up 3.1 %

The business’s fifty day simple moving average is $26.07 and its two-hundred day simple moving average is $22.20.

Valkyrie Bitcoin Miners ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were issued a $0.0493 dividend. The ex-dividend date was Tuesday, December 24th.

Institutional Trading of Valkyrie Bitcoin Miners ETF

Hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. bought a new stake in Valkyrie Bitcoin Miners ETF in the 3rd quarter valued at $336,000. Nwam LLC bought a new stake in Valkyrie Bitcoin Miners ETF in the 3rd quarter valued at $346,000. Finally, Creative Planning boosted its holdings in Valkyrie Bitcoin Miners ETF by 1,008.8% in the 3rd quarter. Creative Planning now owns 150,746 shares of the company’s stock valued at $2,866,000 after purchasing an additional 137,151 shares during the period. 24.15% of the stock is owned by institutional investors.

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.