Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 4,200 shares, a growth of 180.0% from the September 30th total of 1,500 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 3,900 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 3,900 shares, the short-interest ratio is presently 1.1 days. Approximately 0.9% of the shares of the stock are sold short.
Institutional Investors Weigh In On Global X Blockchain & Bitcoin Strategy ETF
A hedge fund recently raised its stake in Global X Blockchain & Bitcoin Strategy ETF stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Free Report) by 76.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 763 shares of the company’s stock after buying an additional 331 shares during the period. Thurston Springer Miller Herd & Titak Inc. owned about 0.17% of Global X Blockchain & Bitcoin Strategy ETF worth $55,000 as of its most recent SEC filing. 24.54% of the stock is currently owned by hedge funds and other institutional investors.
Global X Blockchain & Bitcoin Strategy ETF Price Performance
BITS opened at $107.70 on Friday. Global X Blockchain & Bitcoin Strategy ETF has a 1-year low of $45.63 and a 1-year high of $118.78. The business has a 50 day moving average price of $97.08 and a two-hundred day moving average price of $79.51. The company has a market capitalization of $49.54 million, a price-to-earnings ratio of -211.18 and a beta of 2.69.
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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