Short Interest in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Increases By 482.6%

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 402 shares, a growth of 482.6% from the April 15th total of 69 shares. Based on an average daily volume of 1,067 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the shares of the company are sold short.

Global X Bitcoin Trend Strategy ETF Trading Up 2.4%

Global X Bitcoin Trend Strategy ETF stock traded up $0.68 during mid-day trading on Thursday, hitting $29.03. 890 shares of the company’s stock traded hands, compared to its average volume of 1,824. The firm has a 50 day simple moving average of $27.66 and a two-hundred day simple moving average of $30.22. Global X Bitcoin Trend Strategy ETF has a fifty-two week low of $27.00 and a fifty-two week high of $43.43.

Institutional Investors Weigh In On Global X Bitcoin Trend Strategy ETF

An institutional investor recently bought a new position in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC bought a new position in shares of Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,890 shares of the company’s stock, valued at approximately $837,000. Jane Street Group LLC owned approximately 13.83% of Global X Bitcoin Trend Strategy ETF as of its most recent filing with the Securities & Exchange Commission.

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.