Global X Blockchain ETF (NASDAQ:BKCH) Stock Price Down 1.1% – Here’s What Happened

Shares of Global X Blockchain ETF (NASDAQ:BKCH) fell 1.1% on Tuesday . The company traded as low as $77.25 and last traded at $79.85. 45,389 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 109,628 shares. The stock had previously closed at $80.76.

Global X Blockchain ETF Price Performance

The company has a market capitalization of $371.94 million, a P/E ratio of 14.28 and a beta of 3.54. The business has a 50-day moving average of $70.57 and a 200-day moving average of $72.36.

Institutional Trading of Global X Blockchain ETF

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in Global X Blockchain ETF by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 915,900 shares of the company’s stock worth $58,508,000 after buying an additional 185,401 shares during the last quarter. Bank of America Corp DE lifted its position in Global X Blockchain ETF by 63.3% in the first quarter. Bank of America Corp DE now owns 255,808 shares of the company’s stock worth $14,284,000 after buying an additional 99,163 shares during the last quarter. Private Advisor Group LLC lifted its position in Global X Blockchain ETF by 34.0% in the first quarter. Private Advisor Group LLC now owns 148,237 shares of the company’s stock worth $8,278,000 after buying an additional 37,628 shares during the last quarter. LPL Financial LLC lifted its position in Global X Blockchain ETF by 3.2% in the fourth quarter. LPL Financial LLC now owns 100,351 shares of the company’s stock worth $6,410,000 after buying an additional 3,091 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Global X Blockchain ETF by 153.1% in the first quarter. Jane Street Group LLC now owns 82,312 shares of the company’s stock worth $2,719,000 after buying an additional 49,795 shares during the last quarter.

About Global X Blockchain ETF

The Global X Blockchain ETF (BKCH) is an exchange-traded fund that is based on the Solactive Blockchain index, a market-cap-weighted index of global companies involved in blockchain technologies. BKCH was launched on Jul 12, 2021 and is managed by Global X.