Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Sees Large Decrease in Short Interest

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1 shares, a decline of 99.8% from the April 30th total of 402 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 516 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Global X Bitcoin Trend Strategy ETF

A hedge fund recently raised its stake in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC increased its stake in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) by 199.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,042 shares of the company’s stock after buying an additional 12,012 shares during the quarter. Jane Street Group LLC owned 18.04% of Global X Bitcoin Trend Strategy ETF worth $500,000 at the end of the most recent quarter.

Global X Bitcoin Trend Strategy ETF Price Performance

NYSEARCA:BTRN remained flat at $26.64 during trading hours on Friday. The company had a trading volume of 363 shares, compared to its average volume of 2,253. Global X Bitcoin Trend Strategy ETF has a 1-year low of $26.53 and a 1-year high of $43.43. The firm has a fifty day moving average of $27.69 and a 200 day moving average of $29.59.

About Global X Bitcoin Trend Strategy ETF

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.