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

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a significant growth in short interest during the month of 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 trading volume of 8,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Global X Blockchain & Bitcoin Strategy ETF Trading Down 3.4 %

Shares of Global X Blockchain & Bitcoin Strategy ETF stock opened at $50.28 on Tuesday. The stock has a market capitalization of $24.64 million, a price-to-earnings ratio of -98.59 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a twelve month low of $50.00 and a twelve month high of $106.93. The business’s 50 day simple moving average is $62.95 and its 200-day simple moving average is $73.51.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC purchased a new position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 filing with the Securities & Exchange Commission. 24.54% of the stock is 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.