Short Interest in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Declines By 64.0%

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 900 shares, a decline of 64.0% from the February 13th total of 2,500 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is presently 0.1 days.

Global X Blockchain & Bitcoin Strategy ETF Price Performance

Shares of BITS stock traded up $2.85 during mid-day trading on Friday, hitting $54.44. The company had a trading volume of 3,991 shares, compared to its average volume of 6,549. Global X Blockchain & Bitcoin Strategy ETF has a 52-week low of $50.66 and a 52-week high of $106.93. The stock’s 50 day moving average price is $66.95 and its 200-day moving average price is $73.71. The company has a market capitalization of $26.68 million, a P/E ratio of -106.75 and a beta of 2.23.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were issued a $19.3361 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from Global X Blockchain & Bitcoin Strategy ETF’s previous dividend of $0.38. Global X Blockchain & Bitcoin Strategy ETF’s payout ratio is -3,790.20%.

Institutional Investors Weigh In On 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 stake in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned about 1.59% of Global X Blockchain & Bitcoin Strategy ETF as of its most recent SEC filing. 24.54% of the stock is owned by institutional investors.

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.