Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Get Free Report) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 15,400 shares, a drop of 36.9% from the October 31st total of 24,400 shares. Based on an average daily volume of 4,500 shares, the short-interest ratio is currently 3.4 days.
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 purchased a new position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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. Institutional investors own 24.54% of the company’s stock.
Global X Blockchain & Bitcoin Strategy ETF Stock Up 1.3 %
NASDAQ:BITS traded up $1.31 during trading hours on Friday, reaching $99.90. 2,616 shares of the stock were exchanged, compared to its average volume of 7,161. Global X Blockchain & Bitcoin Strategy ETF has a twelve month low of $42.51 and a twelve month high of $102.10. The business has a 50-day moving average of $77.04 and a two-hundred day moving average of $70.00. The company has a market capitalization of $37.96 million, a price-to-earnings ratio of -195.88 and a beta of 2.23.
Global X Blockchain & Bitcoin Strategy ETF Company Profile
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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