Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Update

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,200 shares, an increase of 33.3% from the February 28th total of 900 shares. Based on an average daily trading volume, of 8,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Global X Blockchain & Bitcoin Strategy ETF

An institutional investor recently bought a new position in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC acquired a new stake in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned about 1.59% of Global X Blockchain & Bitcoin Strategy ETF at the end of the most recent reporting period. 24.54% of the stock is owned by institutional investors.

Global X Blockchain & Bitcoin Strategy ETF Stock Up 3.6 %

NASDAQ:BITS opened at $52.42 on Wednesday. Global X Blockchain & Bitcoin Strategy ETF has a 12-month low of $50.00 and a 12-month high of $106.93. The firm has a market capitalization of $25.69 million, a price-to-earnings ratio of -102.78 and a beta of 2.23. The stock’s 50 day moving average price is $62.47 and its two-hundred day moving average price is $73.45.

About Global X Blockchain & Bitcoin Strategy ETF

The Global X Blockchain & Bitcoin Strategy ETF (BITS) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that aims to capture the long-term growth potential of blockchain companies and bitcoin futures. BITS was launched on Nov 15, 2021 and is managed by Global X.