Short Interest in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Drops By 27.6%

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,240 shares, a decrease of 27.6% from the February 12th total of 1,712 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 475 shares, the short-interest ratio is presently 2.6 days. Based on an average trading volume of 475 shares, the short-interest ratio is presently 2.6 days. Approximately 1.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Global X Bitcoin Trend Strategy ETF

An institutional investor recently raised its position in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC boosted its position in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) by 199.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,042 shares of the company’s stock after purchasing an additional 12,012 shares during the period. Jane Street Group LLC owned about 18.04% of Global X Bitcoin Trend Strategy ETF worth $500,000 as of its most recent SEC filing.

Global X Bitcoin Trend Strategy ETF Stock Performance

Shares of NYSEARCA BTRN traded up $0.07 during trading on Friday, reaching $27.36. 847 shares of the company traded hands, compared to its average volume of 2,511. The firm has a 50 day simple moving average of $27.58 and a 200-day simple moving average of $33.30. Global X Bitcoin Trend Strategy ETF has a 52-week low of $27.05 and a 52-week high of $43.43.

Global X Bitcoin Trend Strategy ETF Company Profile

The Global X Bitcoin Trend Strategy ETF (BTRN) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund tracks an index that toggles between long bitcoin futures and a US Treasury ETFs. The allocation between these components are based on bitcoins price trend. BTRN was launched on Mar 20, 2024 and is issued by Global X.