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 increase in short interest in the month of September. As of September 15th, there was short interest totaling 700 shares, an increase of 133.3% from the August 31st total of 300 shares. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is currently 0.2 days.

Global X Blockchain & Bitcoin Strategy ETF Stock Up 2.2%

Shares of NASDAQ BITS opened at $105.28 on Friday. The business’s 50 day moving average is $84.73 and its two-hundred day moving average is $71.34. The company has a market cap of $47.38 million, a P/E ratio of -206.44 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 12 month low of $45.63 and a 12 month high of $106.93.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Global X Blockchain & Bitcoin Strategy ETF stock. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) by 76.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 763 shares of the company’s stock after buying an additional 331 shares during the period. Thurston Springer Miller Herd & Titak Inc. owned approximately 0.17% of Global X Blockchain & Bitcoin Strategy ETF worth $55,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.54% of the company’s stock.

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.