Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Get Free Report) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 13,800 shares, a decline of 10.4% from the November 15th total of 15,400 shares. Based on an average daily trading volume, of 5,200 shares, the days-to-cover ratio is presently 2.7 days.
Hedge Funds 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 bought a new stake in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 24.54% of the company’s stock.
Global X Blockchain & Bitcoin Strategy ETF Trading Up 0.8 %
Shares of NASDAQ BITS traded up $0.76 during mid-day trading on Friday, reaching $99.30. The company had a trading volume of 3,064 shares, compared to its average volume of 7,345. The firm has a 50 day simple moving average of $83.89 and a two-hundred day simple moving average of $72.29. Global X Blockchain & Bitcoin Strategy ETF has a 52-week low of $42.51 and a 52-week high of $106.71. The stock has a market cap of $37.73 million, a P/E ratio of -194.70 and a beta of 2.23.
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.
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