Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $69.32 and traded as high as $95.91. Global X Blockchain & Bitcoin Strategy ETF shares last traded at $91.24, with a volume of 9,964 shares changing hands.

Global X Blockchain & Bitcoin Strategy ETF Stock Performance

The stock has a market capitalization of $34.67 million, a price-to-earnings ratio of -178.90 and a beta of 2.23. The business has a fifty day simple moving average of $74.84 and a 200 day simple moving average of $69.32.

Institutional Trading of 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) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 24.54% of the company’s stock.

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.