Short Interest in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Drops By 27.6%

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,240 shares, a drop of 27.6% from the February 12th total of 1,712 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 475 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily trading volume, of 475 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.2% of the shares of the company are sold short.

Global X Bitcoin Trend Strategy ETF Price Performance

Shares of BTRN stock traded up $0.22 during trading hours on Monday, hitting $27.58. The stock had a trading volume of 104 shares, compared to its average volume of 2,462. The stock’s 50 day moving average is $27.58 and its 200 day moving average is $33.26. Global X Bitcoin Trend Strategy ETF has a twelve month low of $27.05 and a twelve month high of $43.43.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC raised its holdings in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) by 199.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,042 shares of the company’s stock after purchasing an additional 12,012 shares during the quarter. Jane Street Group LLC owned about 18.04% of Global X Bitcoin Trend Strategy ETF worth $500,000 as of its most recent filing with the SEC.

About Global X Bitcoin Trend Strategy ETF

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.