Short Interest in Global X Blockchain ETF (NASDAQ:BKCH) Increases By 106.5%

Global X Blockchain ETF (NASDAQ:BKCH) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 125,999 shares, a growth of 106.5% from the April 30th total of 61,029 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 110,455 shares, the days-to-cover ratio is presently 1.1 days.

Global X Blockchain ETF Stock Down 1.5%

NASDAQ:BKCH opened at $91.35 on Wednesday. Global X Blockchain ETF has a fifty-two week low of $42.92 and a fifty-two week high of $123.69. The stock has a market cap of $389.15 million, a PE ratio of 14.28 and a beta of 3.57. The firm’s fifty day simple moving average is $74.29 and its 200-day simple moving average is $71.90.

Hedge Funds Weigh In On Global X Blockchain ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Global X Blockchain ETF by 88.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,500 shares of the company’s stock worth $3,354,000 after purchasing an additional 24,600 shares during the period. Northbridge Financial Group LLC acquired a new position in shares of Global X Blockchain ETF during the 4th quarter worth $633,000. Farther Finance Advisors LLC grew its stake in shares of Global X Blockchain ETF by 2,522.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,521 shares of the company’s stock worth $97,000 after purchasing an additional 1,463 shares during the period. Bank of America Corp DE grew its stake in shares of Global X Blockchain ETF by 63.3% during the 1st quarter. Bank of America Corp DE now owns 255,808 shares of the company’s stock worth $14,284,000 after purchasing an additional 99,163 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Global X Blockchain ETF by 17.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,007 shares of the company’s stock worth $256,000 after purchasing an additional 585 shares during the period.

Global X Blockchain ETF Company Profile

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.