Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Up 133.3% in September

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 700 shares, a growth of 133.3% from the August 31st total of 300 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is presently 0.2 days.

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. increased its holdings in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) by 76.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 763 shares of the company’s stock after acquiring an additional 331 shares during the period. Thurston Springer Miller Herd & Titak Inc. owned about 0.17% of Global X Blockchain & Bitcoin Strategy ETF worth $55,000 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 $105.28 on Friday. The firm’s 50 day moving average price is $84.73 and its two-hundred day moving average price is $71.45. Global X Blockchain & Bitcoin Strategy ETF has a twelve month low of $45.63 and a twelve month high of $106.93. The stock has a market cap of $47.38 million, a price-to-earnings ratio of -206.44 and a beta of 2.23.

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.