Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Down 36.9% in November

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 15,400 shares, a decline of 36.9% from the October 31st total of 24,400 shares. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is presently 3.4 days.

Global X Blockchain & Bitcoin Strategy ETF Stock Up 8.1 %

BITS traded up $7.35 during trading hours on Thursday, reaching $98.59. 7,101 shares of the company’s stock traded hands, compared to its average volume of 7,180. The firm has a market capitalization of $37.46 million, a PE ratio of -193.31 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 52-week low of $42.51 and a 52-week high of $100.08. The firm has a 50-day moving average price of $75.59 and a 200 day moving average price of $69.53.

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 bought a new position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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. 24.54% of the stock is currently owned by institutional investors.

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.