Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Down 64.0% in February

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) 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

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

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.