Global X Blockchain ETF (NASDAQ:BKCH – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 86,269 shares, a growth of 59.9% from the August 15th total of 53,940 shares. Based on an average daily volume of 53,698 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.7% of the shares of the stock are sold short.
Global X Blockchain ETF Stock Up 4.3%
Shares of Global X Blockchain ETF stock opened at $70.63 on Friday. Global X Blockchain ETF has a 12-month low of $50.99 and a 12-month high of $123.69. The company has a market capitalization of $223.19 million, a price-to-earnings ratio of 14.28 and a beta of 3.58. The firm’s 50-day moving average price is $68.26 and its two-hundred day moving average price is $72.13.
Institutional Trading of Global X Blockchain ETF
Large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Global X Blockchain ETF by 63.3% in the 1st quarter. Bank of America Corp DE now owns 255,808 shares of the company’s stock valued at $14,284,000 after purchasing an additional 99,163 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Global X Blockchain ETF by 34.0% in the 1st quarter. Private Advisor Group LLC now owns 148,237 shares of the company’s stock valued at $8,278,000 after purchasing an additional 37,628 shares during the last quarter. Northbridge Financial Group LLC acquired a new position in shares of Global X Blockchain ETF during the 4th quarter worth $633,000. GK Wealth Management LLC acquired a new position in shares of Global X Blockchain ETF during the 2nd quarter worth $214,000. Finally, Rockefeller Capital Management L.P. lifted its position 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 buying an additional 585 shares during the last quarter.
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.
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