Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Trading Down 1.7% – Should You Sell?

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS)’s share price was down 1.7% during trading on Thursday . The stock traded as low as $69.48 and last traded at $69.2950. Approximately 1,769 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 5,741 shares. The stock had previously closed at $70.47.

Global X Blockchain & Bitcoin Strategy ETF Stock Down 1.7%

The stock has a market capitalization of $31.88 million, a price-to-earnings ratio of -135.87 and a beta of 2.69. The stock has a 50 day moving average price of $77.18 and a 200 day moving average price of $86.03.

Global X Blockchain & Bitcoin Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th were given a dividend of $14.0406 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 4,477.0%. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio (DPR) is currently -2,752.94%.

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.