Global X Bitcoin Covered Call ETF (BATS:BCCC) Short Interest Update

Global X Bitcoin Covered Call ETF (BATS:BCCC) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,968 shares, a decrease of 89.3% from the June 30th total of 27,666 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 9,748 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Global X Bitcoin Covered Call ETF stock. Jane Street Group LLC purchased a new stake in shares of Global X Bitcoin Covered Call ETF (BATS:BCCC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,167 shares of the company’s stock, valued at approximately $187,000. Jane Street Group LLC owned 1.56% of Global X Bitcoin Covered Call ETF as of its most recent SEC filing.

Global X Bitcoin Covered Call ETF Stock Performance

BCCC stock opened at $12.01 on Friday. Global X Bitcoin Covered Call ETF has a 1 year low of $11.11 and a 1 year high of $27.21. The stock’s fifty day moving average price is $12.39 and its 200-day moving average price is $14.24.

Global X Bitcoin Covered Call ETF Company Profile

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.