Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Sees Large Decrease in Short Interest

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITSGet Free Report) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,000 shares, a decrease of 55.6% from the January 15th total of 4,500 shares. Based on an average trading volume of 11,100 shares, the short-interest ratio is currently 0.2 days.

Global X Blockchain & Bitcoin Strategy ETF Trading Up 7.7 %

BITS stock traded up $4.23 during mid-day trading on Monday, reaching $59.46. The company’s stock had a trading volume of 19,870 shares, compared to its average volume of 13,489. The stock has a market cap of $20.81 million, a PE ratio of -116.61 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a fifty-two week low of $23.75 and a fifty-two week high of $67.55. The company’s 50 day moving average is $52.00 and its two-hundred day moving average is $42.50.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 29th were paid a $7.053 dividend. This is a boost from Global X Blockchain & Bitcoin Strategy ETF’s previous Semi-Annual dividend of $0.22. The ex-dividend date of this dividend was Thursday, December 28th. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio is -1,425.49%.

Institutional Trading of Global X Blockchain & Bitcoin Strategy ETF

An institutional investor recently bought a new position in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC acquired a new position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITSFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,758 shares of the company’s stock, valued at approximately $229,000. Flow Traders U.S. LLC owned 1.60% of Global X Blockchain & Bitcoin Strategy ETF as of its most recent filing with the SEC. Institutional investors own 24.54% of the company’s stock.

Global X Blockchain & Bitcoin Strategy ETF Company Profile

(Get Free Report)

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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