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

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 2,500 shares, a decrease of 56.1% from the January 31st total of 5,700 shares. Based on an average daily volume of 10,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors 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 acquired a new position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission. 24.54% of the stock is owned by hedge funds and other institutional investors.

Global X Blockchain & Bitcoin Strategy ETF Stock Performance

NASDAQ:BITS opened at $57.95 on Friday. The company has a market capitalization of $28.23 million, a P/E ratio of -113.63 and a beta of 2.70. The stock’s 50 day moving average price is $71.81 and its 200 day moving average price is $74.32. Global X Blockchain & Bitcoin Strategy ETF has a 52 week low of $51.49 and a 52 week high of $106.93.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

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

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.