Short Interest in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Declines By 95.8%

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 1,100 shares, a decrease of 95.8% from the December 31st total of 26,100 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is currently 0.1 days.

Global X Blockchain & Bitcoin Strategy ETF Stock Up 3.1 %

Shares of BITS stock traded up $2.24 on Thursday, reaching $73.53. The company’s stock had a trading volume of 8,196 shares, compared to its average volume of 9,195. Global X Blockchain & Bitcoin Strategy ETF has a 12-month low of $44.88 and a 12-month high of $106.93. The company has a market capitalization of $35.29 million, a P/E ratio of -144.18 and a beta of 2.23. The stock’s 50 day simple moving average is $85.40 and its 200-day simple moving average is $74.49.

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 issued a $19.3361 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from Global X Blockchain & Bitcoin Strategy ETF’s previous dividend of $0.38. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio (DPR) is -3,790.20%.

Institutional Investors 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 acquired a new position in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

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.