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

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a significant decrease in short interest in 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 trading volume, of 10,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Global X Blockchain & Bitcoin Strategy ETF

An institutional investor recently bought a new position in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC bought a new position in 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 SEC. The institutional investor bought 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned approximately 1.59% of Global X Blockchain & Bitcoin Strategy ETF as of its most recent filing with the SEC. 24.54% of the stock is currently owned by hedge funds and other institutional investors.

Global X Blockchain & Bitcoin Strategy ETF Trading Up 2.6 %

Shares of NASDAQ:BITS opened at $57.95 on Friday. The stock’s 50-day moving average price is $71.81 and its 200-day moving average price is $74.22. Global X Blockchain & Bitcoin Strategy ETF has a 12-month low of $51.49 and a 12-month high of $106.93. The stock has a market capitalization of $28.23 million, a P/E ratio of -113.63 and a beta of 2.70.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

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

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.