Global X Blockchain ETF (NASDAQ:BKCH) Sees Large Growth in Short Interest

Global X Blockchain ETF (NASDAQ:BKCH) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 86,269 shares, a growth of 59.9% from the August 15th total of 53,940 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 53,698 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On Global X Blockchain ETF

Several institutional investors and hedge funds have recently made changes to their positions in BKCH. Bank of America Corp DE lifted its holdings in Global X Blockchain ETF by 63.3% during the first quarter. Bank of America Corp DE now owns 255,808 shares of the company’s stock worth $14,284,000 after acquiring an additional 99,163 shares in the last quarter. Private Advisor Group LLC grew its stake in Global X Blockchain ETF by 34.0% in the first quarter. Private Advisor Group LLC now owns 148,237 shares of the company’s stock valued at $8,278,000 after acquiring an additional 37,628 shares during the period. Northbridge Financial Group LLC bought a new stake in shares of Global X Blockchain ETF in the fourth quarter worth about $633,000. Ignite Planners LLC bought a new stake in shares of Global X Blockchain ETF in the fourth quarter worth about $209,000. Finally, GK Wealth Management LLC acquired a new stake in shares of Global X Blockchain ETF during the second quarter worth about $214,000.

Global X Blockchain ETF Price Performance

Global X Blockchain ETF stock opened at $76.89 on Friday. The firm has a market capitalization of $242.97 million, a price-to-earnings ratio of 14.28 and a beta of 3.58. The company’s 50 day simple moving average is $68.40 and its 200 day simple moving average is $72.16. Global X Blockchain ETF has a fifty-two week low of $50.99 and a fifty-two week high of $123.69.

About Global X Blockchain ETF

The Global X Blockchain ETF (BKCH) is an exchange-traded fund that is based on the Solactive Blockchain index, a market-cap-weighted index of global companies involved in blockchain technologies. BKCH was launched on Jul 12, 2021 and is managed by Global X.