Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Sees Significant Drop in Short Interest

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 1,240 shares, a decrease of 27.6% from the February 12th total of 1,712 shares. Based on an average daily trading volume, of 475 shares, the short-interest ratio is presently 2.6 days. Currently, 1.2% of the shares of the company are sold short. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 475 shares, the short-interest ratio is presently 2.6 days.

Global X Bitcoin Trend Strategy ETF Stock Up 0.3%

BTRN traded up $0.07 on Friday, reaching $27.36. The stock had a trading volume of 847 shares, compared to its average volume of 2,511. The business’s 50-day moving average price is $27.58 and its two-hundred day moving average price is $33.30. Global X Bitcoin Trend Strategy ETF has a 12-month low of $27.05 and a 12-month high of $43.43.

Hedge Funds Weigh In On Global X Bitcoin Trend Strategy ETF

An institutional investor recently raised its position in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC boosted its holdings in shares of Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) by 199.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,042 shares of the company’s stock after purchasing an additional 12,012 shares during the quarter. Jane Street Group LLC owned approximately 18.04% of Global X Bitcoin Trend Strategy ETF worth $500,000 at the end of the most recent reporting period.

Global X Bitcoin Trend Strategy ETF Company Profile

The Global X Bitcoin Trend Strategy ETF (BTRN) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund tracks an index that toggles between long bitcoin futures and a US Treasury ETFs. The allocation between these components are based on bitcoins price trend. BTRN was launched on Mar 20, 2024 and is issued by Global X.