Short Interest in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Rises By 48.8%

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 6,400 shares, an increase of 48.8% from the May 15th total of 4,300 shares. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is presently 0.9 days.

Global X Blockchain & Bitcoin Strategy ETF Trading Down 1.3 %

BITS stock traded down $0.95 during trading on Friday, hitting $70.77. 3,788 shares of the company’s stock were exchanged, compared to its average volume of 9,836. The business has a 50-day moving average price of $65.50 and a two-hundred day moving average price of $60.61. The stock has a market capitalization of $27.60 million, a price-to-earnings ratio of -138.76 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 52-week low of $31.70 and a 52-week high of $75.06.

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.