Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Get Free Report) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 900 shares, a decline of 64.0% from the February 13th total of 2,500 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is currently 0.1 days.
Global X Blockchain & Bitcoin Strategy ETF Stock Up 5.5 %
BITS traded up $2.85 on Friday, reaching $54.44. The company’s stock had a trading volume of 3,991 shares, compared to its average volume of 6,549. The stock has a 50 day moving average of $66.95 and a two-hundred day moving average of $73.71. The company has a market capitalization of $26.68 million, a price-to-earnings ratio of -106.75 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a fifty-two week low of $50.66 and a fifty-two week high of $106.93.
Global X Blockchain & Bitcoin Strategy ETF Increases Dividend
The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were issued a $19.3361 dividend. This is an increase 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 is -3,790.20%.
Hedge Funds Weigh In On Global X Blockchain & Bitcoin Strategy ETF
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.
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