Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Sees Significant Increase in Short Interest

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 12,606 shares, a growth of 332.9% from the January 29th total of 2,912 shares. Based on an average trading volume of 10,514 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.7% of the company’s shares are sold short. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 10,514 shares, the days-to-cover ratio is presently 1.2 days.

Global X Blockchain & Bitcoin Strategy ETF Trading Up 4.5%

Global X Blockchain & Bitcoin Strategy ETF stock opened at $57.19 on Thursday. The firm has a 50-day moving average of $66.22 and a 200-day moving average of $82.69. The firm has a market cap of $26.31 million, a P/E ratio of -112.13 and a beta of 2.69. Global X Blockchain & Bitcoin Strategy ETF has a 1-year low of $45.63 and a 1-year high of $118.78.

Global X Blockchain & Bitcoin Strategy ETF Dividend Announcement

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