Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Sees Significant Growth in Short Interest

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,400 shares, a growth of 118.2% from the March 31st total of 1,100 shares. Based on an average daily trading volume, of 11,500 shares, the short-interest ratio is presently 0.2 days.

Global X Blockchain & Bitcoin Strategy ETF Price Performance

Shares of Global X Blockchain & Bitcoin Strategy ETF stock traded down $0.20 during trading on Friday, hitting $65.00. 1,524 shares of the stock were exchanged, compared to its average volume of 12,441. The stock has a market cap of $25.35 million, a price-to-earnings ratio of -127.45 and a beta of 2.23. The firm’s 50-day moving average price is $66.51 and its 200 day moving average price is $54.00. Global X Blockchain & Bitcoin Strategy ETF has a 12-month low of $30.97 and a 12-month high of $75.06.

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.