Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Update

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 26,100 shares, an increase of 77.6% from the December 31st total of 14,700 shares. Based on an average daily volume of 9,200 shares, the short-interest ratio is presently 2.8 days.

Global X Blockchain & Bitcoin Strategy ETF Trading Down 2.4 %

BITS stock opened at $71.76 on Friday. The firm has a 50-day moving average price of $84.96 and a 200-day moving average price of $74.48. Global X Blockchain & Bitcoin Strategy ETF has a 12 month low of $44.88 and a 12 month high of $106.93. The stock has a market capitalization of $34.44 million, a P/E ratio of -140.71 and a beta of 2.23.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were paid a $19.3361 dividend. This is an increase from Global X Blockchain & Bitcoin Strategy ETF’s previous dividend of $0.38. The ex-dividend date was Monday, December 30th. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio is presently -3,790.20%.

Institutional Trading of Global X Blockchain & Bitcoin Strategy ETF

A hedge fund recently bought a new stake in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC acquired a new position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned about 1.59% of Global X Blockchain & Bitcoin Strategy ETF as of its most recent SEC filing. 24.54% of the stock is currently owned by institutional investors.

About Global X Blockchain & Bitcoin Strategy ETF

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.