Short Interest in Global X Bitcoin Covered Call ETF (BATS:BCCC) Increases By 79.9%

Global X Bitcoin Covered Call ETF (BATS:BCCC) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 27,666 shares, an increase of 79.9% from the June 15th total of 15,376 shares. Based on an average daily trading volume, of 20,365 shares, the days-to-cover ratio is currently 1.4 days. Currently, 27.7% of the shares of the company are short sold.

Global X Bitcoin Covered Call ETF Stock Performance

Shares of BCCC stock opened at $11.96 on Friday. The stock’s 50-day moving average price is $12.75 and its 200 day moving average price is $14.48. Global X Bitcoin Covered Call ETF has a 52-week low of $11.11 and a 52-week high of $27.21.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Global X Bitcoin Covered Call ETF stock. Jane Street Group LLC purchased a new position in shares of Global X Bitcoin Covered Call ETF (BATS:BCCC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,577 shares of the company’s stock, valued at approximately $292,000. Jane Street Group LLC owned about 7.72% of Global X Bitcoin Covered Call ETF at the end of the most recent reporting period.

About Global X Bitcoin Covered Call ETF

Global X Funds – Global X Bitcoin Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly and through other funds in short-term U.S. Treasury securities. For its currency portion, it invests through derivatives in bitcoin. The fund uses derivatives such as options and futures to create its portfolio. It seeks to invests in bitcoin futures through a wholly-owned Cayman Islands subsidiary.