Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Update

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,400 shares, a growth of 118.2% from the March 31st total of 1,100 shares. Based on an average daily trading volume, of 11,500 shares, the days-to-cover ratio is presently 0.2 days.

Global X Blockchain & Bitcoin Strategy ETF Stock Performance

BITS traded up $0.07 during trading on Friday, hitting $65.27. The stock had a trading volume of 1,499 shares, compared to its average volume of 12,440. The firm has a market capitalization of $25.46 million, a P/E ratio of -127.84 and a beta of 2.23. The company’s 50-day moving average price is $66.46 and its 200 day moving average price is $53.64. Global X Blockchain & Bitcoin Strategy ETF has a twelve month low of $30.97 and a twelve month high of $75.06.

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.