Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Sees Significant Growth in Short Interest

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,200 shares, a growth of 33.3% from the February 28th total of 900 shares. Based on an average daily volume of 8,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Global X Blockchain & Bitcoin Strategy ETF Trading Down 3.4 %

BITS stock opened at $50.28 on Tuesday. The firm has a market cap of $24.64 million, a P/E ratio of -98.59 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 1-year low of $50.00 and a 1-year high of $106.93. The business’s 50 day moving average is $62.95 and its 200-day moving average is $73.51.

Institutional Trading of Global X Blockchain & Bitcoin Strategy ETF

An institutional investor recently bought a new position in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC bought a new stake in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned approximately 1.59% of Global X Blockchain & Bitcoin Strategy ETF as of its most recent filing with the SEC. 24.54% of the stock is owned by hedge funds and other 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.