Short Interest in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Rises By 23.1%

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 9,858 shares, a growth of 23.1% from the December 31st total of 8,006 shares. Based on an average trading volume of 6,029 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.1% of the company’s stock are sold short. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 6,029 shares, the days-to-cover ratio is presently 1.6 days.

Global X Blockchain & Bitcoin Strategy ETF Price Performance

Shares of BITS opened at $61.83 on Wednesday. The business’s 50-day moving average is $75.12 and its 200-day moving average is $85.45. The company has a market capitalization of $28.44 million, a price-to-earnings ratio of -121.23 and a beta of 2.69. Global X Blockchain & Bitcoin Strategy ETF has a fifty-two week low of $45.63 and a fifty-two week high of $118.78.

Global X Blockchain & Bitcoin Strategy ETF Announces Dividend

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