Global X Blockchain ETF (NASDAQ:BKCH – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 57,272 shares, a decline of 51.6% from the June 15th total of 118,418 shares. Based on an average trading volume of 70,989 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.7% of the shares of the company are short sold.
Global X Blockchain ETF Stock Down 4.2%
NASDAQ BKCH opened at $66.74 on Tuesday. The stock has a market capitalization of $223.58 million, a P/E ratio of 14.28 and a beta of 3.59. Global X Blockchain ETF has a 52-week low of $50.99 and a 52-week high of $123.69. The firm has a 50-day moving average price of $82.31 and a 200 day moving average price of $72.87.
Hedge Funds Weigh In On Global X Blockchain ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in BKCH. Qube Research & Technologies Ltd acquired a new stake in Global X Blockchain ETF in the third quarter valued at $28,000. Raymond James Financial Inc. purchased a new position in Global X Blockchain ETF in the 2nd quarter valued at approximately $25,000. Rockefeller Capital Management L.P. raised its holdings in Global X Blockchain ETF by 17.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,007 shares of the company’s stock worth $256,000 after purchasing an additional 585 shares during the last quarter. Glenmede Investment Management LP acquired a new position in Global X Blockchain ETF during the third quarter worth $65,000. Finally, Arax Advisory Partners purchased a new stake in Global X Blockchain ETF during the fourth quarter worth $57,000.
About Global X Blockchain ETF
The Global X Blockchain ETF (BKCH) is an exchange-traded fund that is based on the Solactive Blockchain index, a market-cap-weighted index of global companies involved in blockchain technologies. BKCH was launched on Jul 12, 2021 and is managed by Global X.
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