Short Interest in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Increases By 13,900.0%

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 14,000 shares, a growth of 13,900.0% from the August 31st total of 100 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 7.0 days. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 7.0 days.

Institutional Investors Weigh In On Global X Bitcoin Trend Strategy ETF

A hedge fund recently bought a new stake in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC acquired a new position in shares of Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 24,890 shares of the company’s stock, valued at approximately $837,000. Jane Street Group LLC owned about 13.83% of Global X Bitcoin Trend Strategy ETF at the end of the most recent reporting period.

Global X Bitcoin Trend Strategy ETF Price Performance

BTRN opened at $39.33 on Thursday. Global X Bitcoin Trend Strategy ETF has a 12-month low of $22.98 and a 12-month high of $43.43. The business’s fifty day simple moving average is $39.55 and its 200-day simple moving average is $38.17.

About Global X Bitcoin Trend Strategy ETF

The Global X Bitcoin Trend Strategy ETF (BTRN) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund tracks an index that toggles between long bitcoin futures and a US Treasury ETFs. The allocation between these components are based on bitcoins price trend. BTRN was launched on Mar 20, 2024 and is issued by Global X.