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

Posted by Lindsey Winhoffer on Jan 30th, 2025

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

Global X Blockchain & Bitcoin Strategy ETF Stock Up 1.6 %

BITS opened at $71.29 on Thursday. The company has a market capitalization of $34.22 million, a price-to-earnings ratio of -139.78 and a beta of 2.23. The firm has a 50-day moving average price of $85.87 and a 200-day moving average price of $74.51. Global X Blockchain & Bitcoin Strategy ETF has a twelve month low of $44.88 and a twelve month high of $106.93.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were issued 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%.

Hedge Funds Weigh In On Global X Blockchain & Bitcoin Strategy ETF

An institutional investor recently bought a new position in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC bought a new position in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 as of its most recent SEC filing. 24.54% of the stock is currently owned by institutional investors and hedge funds.

Global X Blockchain & Bitcoin Strategy ETF Company Profile

(Get Free Report)

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.