Valkyrie Bitcoin Miners ETF (WGMI) Short Interest Ratio & Short Volume

Short interest is the volume of Valkyrie Bitcoin Miners ETF shares that have been sold short but have not yet been covered or closed out. As of May 15th, traders have sold 550,000 shares of WGMI short. Learn More on Valkyrie Bitcoin Miners ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. WGMI shares currently have a short interest ratio of 2.0. Learn More on Valkyrie Bitcoin Miners ETF's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Valkyrie Bitcoin Miners ETF: Simplex Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Valkyrie Bitcoin Miners ETF saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 550,000 shares, an increase of 22.7% from the previous total of 448,200 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Valkyrie Bitcoin Miners ETF: ERShares Entrepreneurs ETF (0.01%), iShares ESG Advanced MSCI EM ETF (1.06%), Spear Alpha ETF (0.55%), Siren Nasdaq NexGen Economy ETF (0.09%), Global X E-Commerce ETF (0.17%), Wahed Dow Jones Islamic World ETF (0.09%), CrossingBridge Pre-Merger SPAC ETF (0.24%), Global X Genomics & Biotechnology ETF (0.16%), WisdomTree Cybersecurity Fund (0.10%), Global X Data Center & Digital Infrastructure ETF (21.51%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling WGMI is an investing strategy that aims to generate trading profit from Valkyrie Bitcoin Miners ETF as its price is falling. WGMI shares are trading up $0.14 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Valkyrie Bitcoin Miners ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of WGMI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including WGMI, twice per month. The most recent reporting period available is May, 15 2024.