Short Interest in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Rises By 77.6%

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 26,100 shares, an increase of 77.6% from the December 31st total of 14,700 shares. Based on an average daily trading volume, of 9,200 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Trading of Global X Blockchain & Bitcoin Strategy ETF

A hedge fund recently bought a new stake in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned 1.59% of Global X Blockchain & Bitcoin Strategy ETF at the end of the most recent quarter. 24.54% of the stock is currently owned by institutional investors and hedge funds.

Global X Blockchain & Bitcoin Strategy ETF Price Performance

BITS stock opened at $71.76 on Friday. The firm has a market capitalization of $34.44 million, a P/E ratio of -140.71 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 52-week low of $44.88 and a 52-week high of $106.93. The company’s 50 day simple moving average is $84.96 and its 200-day simple moving average is $74.48.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were given a dividend of $19.3361 per share. This is a boost from Global X Blockchain & Bitcoin Strategy ETF’s previous dividend of $0.38. The ex-dividend date of this dividend was Monday, December 30th. Global X Blockchain & Bitcoin Strategy ETF’s payout ratio is presently -3,790.20%.

Global X Blockchain & Bitcoin Strategy ETF Company Profile

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.