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

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 5,700 shares, a growth of 418.2% from the January 15th total of 1,100 shares. Based on an average trading volume of 10,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On 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 acquired a new position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 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 reporting period. 24.54% of the stock is currently owned by hedge funds and other institutional investors.

Global X Blockchain & Bitcoin Strategy ETF Stock Up 1.6 %

Shares of BITS traded up $1.08 during mid-day trading on Wednesday, reaching $68.88. 1,757 shares of the company’s stock were exchanged, compared to its average volume of 7,541. Global X Blockchain & Bitcoin Strategy ETF has a 52-week low of $51.49 and a 52-week high of $106.93. The company has a 50-day simple moving average of $80.60 and a two-hundred day simple moving average of $74.21. The company has a market cap of $33.75 million, a price-to-earnings ratio of -135.05 and a beta of 2.23.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid 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 was Monday, December 30th. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio (DPR) is currently -3,790.20%.

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.