Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Update

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 13,200 shares, a growth of 10.0% from the August 15th total of 12,000 shares. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is presently 3.0 days.

Global X Blockchain & Bitcoin Strategy ETF Price Performance

Shares of NASDAQ BITS traded up $0.04 during mid-day trading on Wednesday, hitting $60.90. The company’s stock had a trading volume of 5,352 shares, compared to its average volume of 7,810. The stock has a market cap of $23.14 million, a price-to-earnings ratio of -119.41 and a beta of 2.23. The company’s fifty day simple moving average is $64.34 and its 200-day simple moving average is $66.20. Global X Blockchain & Bitcoin Strategy ETF has a one year low of $31.74 and a one year high of $78.76.

Global X Blockchain & Bitcoin Strategy ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 27th were issued a $0.3784 dividend. The ex-dividend date was Thursday, June 27th. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio is presently -1,382.35%.

About Global X Blockchain & Bitcoin Strategy ETF

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.