Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Sees Significant Growth in Short Interest

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 9,858 shares, a growth of 23.1% from the December 31st total of 8,006 shares. Based on an average trading volume of 6,029 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.1% of the company’s shares are short sold. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 6,029 shares, the days-to-cover ratio is presently 1.6 days.

Global X Blockchain & Bitcoin Strategy ETF Trading Down 0.3%

Shares of NASDAQ:BITS traded down $0.16 during trading on Tuesday, hitting $62.03. 2,892 shares of the company’s stock traded hands, compared to its average volume of 4,887. Global X Blockchain & Bitcoin Strategy ETF has a 52 week low of $45.63 and a 52 week high of $118.78. The company has a 50-day moving average price of $75.49 and a 200-day moving average price of $85.60. The company has a market cap of $28.53 million, a price-to-earnings ratio of -122.43 and a beta of 2.69.

Global X Blockchain & Bitcoin Strategy ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a dividend of $14.0406 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 4,477.0%. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio is -2,752.94%.

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.