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

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 5,700 shares, a growth of 418.2% from the January 15th total of 1,100 shares. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC purchased a new position in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 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 reporting period. Hedge funds and other institutional investors own 24.54% of the company’s stock.

Global X Blockchain & Bitcoin Strategy ETF Stock Performance

NASDAQ:BITS opened at $68.75 on Thursday. The stock has a market capitalization of $33.69 million, a price-to-earnings ratio of -134.80 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 1 year low of $51.49 and a 1 year high of $106.93. The stock has a fifty day moving average price of $80.60 and a two-hundred day moving average price of $74.21.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were issued a dividend of $19.3361 per share. 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 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.