Short Interest in Global X Blockchain ETF (NASDAQ:BKCH) Decreases By 51.6%

Global X Blockchain ETF (NASDAQ:BKCH) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 57,272 shares, a decrease of 51.6% from the June 15th total of 118,418 shares. Based on an average daily trading volume, of 70,989 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.7% of the shares of the company are short sold.

Global X Blockchain ETF Price Performance

Shares of BKCH traded up $1.45 during trading hours on Wednesday, reaching $68.84. 13,351 shares of the company’s stock traded hands, compared to its average volume of 110,249. The firm has a market capitalization of $230.63 million, a price-to-earnings ratio of 14.28 and a beta of 3.59. Global X Blockchain ETF has a twelve month low of $50.99 and a twelve month high of $123.69. The business’s fifty day simple moving average is $82.01 and its two-hundred day simple moving average is $72.85.

Institutional Investors Weigh In On Global X Blockchain ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BKCH. Raymond James Financial Inc. acquired a new position in Global X Blockchain ETF during the 2nd quarter worth $25,000. Qube Research & Technologies Ltd acquired a new stake in shares of Global X Blockchain ETF during the third quarter worth $28,000. Arax Advisory Partners bought a new position in shares of Global X Blockchain ETF during the fourth quarter worth $57,000. Sankala Group LLC bought a new position in shares of Global X Blockchain ETF during the 4th quarter valued at about $64,000. Finally, Glenmede Investment Management LP bought a new stake in shares of Global X Blockchain ETF in the third quarter valued at about $65,000.

Global X Blockchain ETF Company Profile

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.