Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Trading Down 0.2% – Should You Sell?

Shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) were down 0.2% during mid-day trading on Tuesday . The stock traded as low as $74.00 and last traded at $76.65. Approximately 16,542 shares were traded during mid-day trading, an increase of 82% from the average daily volume of 9,104 shares. The stock had previously closed at $76.78.

Global X Blockchain & Bitcoin Strategy ETF Price Performance

The company has a 50 day moving average price of $87.95 and a 200 day moving average price of $74.18. The firm has a market cap of $36.03 million, a PE ratio of -150.29 and a beta of 2.23.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

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

Institutional Investors Weigh In On 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 acquired a new stake in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 hedge funds and other institutional investors.

Global X Blockchain & Bitcoin Strategy ETF Company Profile

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.