Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Update

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 1,100 shares, anincreaseof1,000.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is currently 0.2 days.

Global X Blockchain & Bitcoin Strategy ETF Stock Down 6.1%

Shares of BITS stock opened at $74.71 on Friday. Global X Blockchain & Bitcoin Strategy ETF has a 52 week low of $45.63 and a 52 week high of $106.93. The firm has a 50 day moving average of $73.48 and a two-hundred day moving average of $65.25. The stock has a market capitalization of $33.62 million, a PE ratio of -146.49 and a beta of 2.23.

Global X Blockchain & Bitcoin Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, July 7th. Shareholders of record on Friday, June 27th were given a $0.2562 dividend. The ex-dividend date of this dividend was Friday, June 27th. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio (DPR) is currently -3,790.20%.

Institutional Investors Weigh In On Global X Blockchain & Bitcoin Strategy ETF

A hedge fund recently raised its stake in Global X Blockchain & Bitcoin Strategy ETF stock. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) by 76.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 763 shares of the company’s stock after buying an additional 331 shares during the quarter. Thurston Springer Miller Herd & Titak Inc. owned approximately 0.17% of Global X Blockchain & Bitcoin Strategy ETF worth $55,000 at the end of the most recent quarter. 24.54% of the stock is 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.