Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Up 180.0% in October

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 4,200 shares, a growth of 180.0% from the September 30th total of 1,500 shares. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is currently 1.1 days.

Global X Blockchain & Bitcoin Strategy ETF Stock Performance

NASDAQ BITS opened at $109.08 on Thursday. The company’s 50-day simple moving average is $96.01 and its two-hundred day simple moving average is $78.95. Global X Blockchain & Bitcoin Strategy ETF has a one year low of $45.63 and a one year high of $118.78. The company has a market capitalization of $50.18 million, a price-to-earnings ratio of -213.89 and a beta of 2.69.

Hedge Funds Weigh In On Global X Blockchain & Bitcoin Strategy ETF

An institutional investor recently raised its position in Global X Blockchain & Bitcoin Strategy ETF stock. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) by 76.6% in the 2nd quarter, according to the company in its most recent disclosure with the 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 about 0.17% of Global X Blockchain & Bitcoin Strategy ETF worth $55,000 at the end of the most recent reporting period. 24.54% of the stock is owned by institutional investors.

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.