Global X Blockchain ETF (NASDAQ:BKCH) Sees Significant Decline in Short Interest

Global X Blockchain ETF (NASDAQ:BKCH) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 87,831 shares, a decrease of 34.3% from the March 31st total of 133,645 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average daily volume of 55,075 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Global X Blockchain ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Global X Blockchain ETF by 88.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,500 shares of the company’s stock worth $3,354,000 after purchasing an additional 24,600 shares during the period. Ignite Planners LLC purchased a new stake in shares of Global X Blockchain ETF in the fourth quarter worth $209,000. Northbridge Financial Group LLC purchased a new stake in shares of Global X Blockchain ETF in the fourth quarter worth $633,000. Farther Finance Advisors LLC grew its stake in shares of Global X Blockchain ETF by 2,522.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,521 shares of the company’s stock worth $97,000 after acquiring an additional 1,463 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Global X Blockchain ETF by 510.9% in the third quarter. Envestnet Asset Management Inc. now owns 29,523 shares of the company’s stock worth $2,547,000 after acquiring an additional 24,690 shares during the last quarter.

Global X Blockchain ETF Stock Down 2.2%

Shares of BKCH stock opened at $74.45 on Tuesday. The stock has a market cap of $317.16 million, a price-to-earnings ratio of 14.28 and a beta of 3.57. The business’s fifty day moving average is $64.12 and its 200 day moving average is $75.20. Global X Blockchain ETF has a twelve month low of $35.30 and a twelve month high of $123.69.

Global X Blockchain ETF Company Profile

The Global X Blockchain ETF (BKCH) is an exchange-traded fund that is based on the Solactive Blockchain index, a market-cap-weighted index of global companies involved in blockchain technologies. BKCH was launched on Jul 12, 2021 and is managed by Global X.