Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Short Interest Down 50.5% in January

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 5,260 shares, a decline of 50.5% from the December 31st total of 10,616 shares. Based on an average daily volume of 1,948 shares, the short-interest ratio is currently 2.7 days. Approximately 3.8% of the shares of the company are sold short. Approximately 3.8% of the shares of the company are sold short. Based on an average daily volume of 1,948 shares, the short-interest ratio is currently 2.7 days.

Institutional Trading of Global X Bitcoin Trend Strategy ETF

A hedge fund recently raised its stake in Global X Bitcoin Trend Strategy ETF stock. Napa Wealth Management raised its stake in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) by 87.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,265 shares of the company’s stock after acquiring an additional 71,543 shares during the quarter. Global X Bitcoin Trend Strategy ETF makes up 2.8% of Napa Wealth Management’s holdings, making the stock its 8th biggest position. Napa Wealth Management owned approximately 85.15% of Global X Bitcoin Trend Strategy ETF worth $5,943,000 as of its most recent filing with the Securities & Exchange Commission.

Global X Bitcoin Trend Strategy ETF Stock Performance

Shares of NYSEARCA:BTRN opened at $27.46 on Thursday. Global X Bitcoin Trend Strategy ETF has a 1 year low of $27.23 and a 1 year high of $43.43. The business has a fifty day moving average price of $32.01 and a two-hundred day moving average price of $36.33.

Global X Bitcoin Trend Strategy ETF Company Profile

The Global X Bitcoin Trend Strategy ETF (BTRN) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund tracks an index that toggles between long bitcoin futures and a US Treasury ETFs. The allocation between these components are based on bitcoins price trend. BTRN was launched on Mar 20, 2024 and is issued by Global X.