Short Interest in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Declines By 14.3%

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 10,807 shares, a drop of 14.3% from the February 12th total of 12,606 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 3,028 shares, the short-interest ratio is currently 3.6 days. Based on an average daily trading volume, of 3,028 shares, the short-interest ratio is currently 3.6 days. Currently, 2.3% of the shares of the company are sold short.

Global X Blockchain & Bitcoin Strategy ETF Trading Up 0.8%

NASDAQ:BITS opened at $58.77 on Wednesday. The company has a market capitalization of $27.03 million, a P/E ratio of -115.24 and a beta of 2.69. Global X Blockchain & Bitcoin Strategy ETF has a 12 month low of $45.63 and a 12 month high of $118.78. The firm has a fifty day simple moving average of $61.31 and a 200-day simple moving average of $80.35.

Global X Blockchain & Bitcoin Strategy ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were given a dividend of $14.0406 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 4,477.0%. Global X Blockchain & Bitcoin Strategy ETF’s payout ratio 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.