Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Short Interest Update

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,712 shares, a decrease of 32.1% from the January 29th total of 2,520 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,663 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 1,663 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.7% of the shares of the stock are short sold.

Institutional Trading of Global X Bitcoin Trend Strategy ETF

An institutional investor recently raised its position in Global X Bitcoin Trend Strategy ETF stock. Napa Wealth Management boosted its holdings in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) by 87.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 153,265 shares of the company’s stock after buying an additional 71,543 shares during the quarter. Global X Bitcoin Trend Strategy ETF accounts for about 2.8% of Napa Wealth Management’s investment portfolio, making the stock its 8th largest position. Napa Wealth Management owned approximately 85.15% of Global X Bitcoin Trend Strategy ETF worth $5,943,000 as of its most recent filing with the SEC.

Global X Bitcoin Trend Strategy ETF Price Performance

NYSEARCA:BTRN traded down $0.01 during mid-day trading on Monday, reaching $27.52. 393 shares of the stock were exchanged, compared to its average volume of 2,732. Global X Bitcoin Trend Strategy ETF has a 1-year low of $27.23 and a 1-year high of $43.43. The business has a fifty day moving average price of $28.55 and a 200 day moving average price of $34.10.

Global X Bitcoin Trend Strategy ETF Company Profile

The Global X Bitcoin Trend Strategy ETF (BTRN) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund tracks an index that toggles between long bitcoin futures and a US Treasury ETFs. The allocation between these components are based on bitcoins price trend. BTRN was launched on Mar 20, 2024 and is issued by Global X.