Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,500 shares, an increase of 114.3% from the September 15th total of 700 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is presently 0.4 days.
Global X Blockchain & Bitcoin Strategy ETF Stock Up 3.9%
Global X Blockchain & Bitcoin Strategy ETF stock opened at $110.73 on Tuesday. The business has a 50-day simple moving average of $92.00 and a two-hundred day simple moving average of $76.02. The company has a market cap of $55.37 million, a P/E ratio of -217.12 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 52-week low of $45.63 and a 52-week high of $118.78.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Global X Blockchain & Bitcoin Strategy ETF stock. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Free Report) by 76.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 763 shares of the company’s stock after buying an additional 331 shares during the quarter. Thurston Springer Miller Herd & Titak Inc. owned about 0.17% of Global X Blockchain & Bitcoin Strategy ETF worth $55,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 24.54% of the company’s stock.
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.
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