Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $69.32 and traded as high as $95.91. Global X Blockchain & Bitcoin Strategy ETF shares last traded at $91.24, with a volume of 9,964 shares changing hands.

Global X Blockchain & Bitcoin Strategy ETF Stock Performance

The stock has a 50-day moving average price of $75.59 and a two-hundred day moving average price of $69.53. The stock has a market capitalization of $37.46 million, a P/E ratio of -193.31 and a beta of 2.23.

Institutional Investors 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 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. Hedge funds and other institutional investors own 24.54% of the company’s stock.

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.