Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 700 shares, an increase of 133.3% from the August 31st total of 300 shares. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is presently 0.2 days.
Global X Blockchain & Bitcoin Strategy ETF Stock Up 2.2%
NASDAQ:BITS opened at $105.28 on Friday. The firm has a market cap of $47.38 million, a PE ratio of -206.44 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 12 month low of $45.63 and a 12 month high of $106.93. The company’s 50-day moving average price is $84.73 and its two-hundred day moving average price is $71.34.
Institutional Trading of Global X Blockchain & Bitcoin Strategy ETF
A hedge fund recently raised its stake in Global X Blockchain & Bitcoin Strategy ETF stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Free Report) by 76.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 763 shares of the company’s stock after purchasing an additional 331 shares during the period. Thurston Springer Miller Herd & Titak Inc. owned 0.17% of Global X Blockchain & Bitcoin Strategy ETF worth $55,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 24.54% of the company’s stock.
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.
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