Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Sees Significant Decrease in Short Interest

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 900 shares, a decline of 64.0% from the February 13th total of 2,500 shares. Based on an average trading volume of 9,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

Global X Blockchain & Bitcoin Strategy ETF Stock Up 0.5 %

BITS stock opened at $53.65 on Thursday. The company has a market capitalization of $26.29 million, a price-to-earnings ratio of -105.19 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 12 month low of $50.66 and a 12 month high of $106.93. The firm has a 50 day moving average of $67.67 and a two-hundred day moving average of $73.95.

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 given a $19.3361 dividend. This is an increase 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 currently -3,790.20%.

Institutional Trading of 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 shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 quarter. Institutional investors and hedge funds own 24.54% of the company’s stock.

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.