Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Shares Down 0.4% – Here’s What Happened

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS)’s stock price traded down 0.4% during mid-day trading on Monday . The stock traded as low as $89.74 and last traded at $91.26. 5,436 shares were traded during trading, a decline of 23% from the average session volume of 7,057 shares. The stock had previously closed at $91.66.

Global X Blockchain & Bitcoin Strategy ETF Stock Down 0.4 %

The business has a 50 day moving average of $69.94 and a 200 day moving average of $67.70. The firm has a market cap of $34.68 million, a price-to-earnings ratio of -178.94 and a beta of 2.23.

Hedge Funds Weigh In On Global X Blockchain & Bitcoin Strategy ETF

A hedge fund recently bought a new stake in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC bought a new stake in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned 1.59% of Global X Blockchain & Bitcoin Strategy ETF at the end of the most recent quarter. 24.54% of the stock is owned by institutional investors and hedge funds.

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.