Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Up 418.2% in January

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 5,700 shares, an increase of 418.2% from the January 15th total of 1,100 shares. Based on an average daily volume of 10,700 shares, the short-interest ratio is presently 0.5 days.

Global X Blockchain & Bitcoin Strategy ETF Trading Up 1.4 %

Shares of BITS stock opened at $68.75 on Thursday. Global X Blockchain & Bitcoin Strategy ETF has a 12 month low of $51.49 and a 12 month high of $106.93. The company has a market cap of $33.69 million, a P/E ratio of -134.80 and a beta of 2.23. The firm has a fifty day moving average price of $80.60 and a 200 day moving average price of $74.21.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were paid 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 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 acquired a new position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) in the 3rd quarter, according to the company in its most recent 13F filing with the 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.

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.