Short Interest in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Grows By 33.3%

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a large 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 volume of 8,500 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Global X Blockchain & Bitcoin Strategy ETF Stock Down 2.4 %

BITS traded down $1.28 during midday trading on Monday, hitting $50.79. 2,425 shares of the company were exchanged, compared to its average volume of 5,796. The firm’s 50 day moving average price is $63.48 and its 200-day moving average price is $73.58. Global X Blockchain & Bitcoin Strategy ETF has a 1-year low of $49.45 and a 1-year high of $106.93. The firm has a market capitalization of $24.88 million, a P/E ratio of -99.74 and a beta of 2.23.

Hedge Funds Weigh In On Global X Blockchain & Bitcoin Strategy ETF

A hedge fund recently bought a new stake in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC acquired a new position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned approximately 1.59% of Global X Blockchain & Bitcoin Strategy ETF at the end of the most recent reporting period. 24.54% of the stock is currently owned by institutional investors.

Global X Blockchain & Bitcoin Strategy ETF Company Profile

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.