Global X Bitcoin Covered Call ETF (BATS:BCCC) Short Interest Up 79.9% in June

Global X Bitcoin Covered Call ETF (BATS:BCCC) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 27,666 shares, an increase of 79.9% from the June 15th total of 15,376 shares. Currently, 27.7% of the company’s stock are short sold. Based on an average trading volume of 20,365 shares, the days-to-cover ratio is presently 1.4 days.

Global X Bitcoin Covered Call ETF Price Performance

Shares of BATS BCCC traded up $0.02 during midday trading on Friday, hitting $11.98. 7,531 shares of the company’s stock were exchanged, compared to its average volume of 13,588. The firm’s fifty day simple moving average is $12.69 and its 200-day simple moving average is $14.46. Global X Bitcoin Covered Call ETF has a twelve month low of $11.11 and a twelve month high of $27.21.

Institutional Trading of Global X Bitcoin Covered Call ETF

A hedge fund recently bought a new position in Global X Bitcoin Covered Call ETF stock. Jane Street Group LLC bought a new stake in Global X Bitcoin Covered Call ETF (BATS:BCCC) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 11,577 shares of the company’s stock, valued at approximately $292,000. Jane Street Group LLC owned about 7.72% of Global X Bitcoin Covered Call ETF at the end of the most recent reporting period.

Global X Bitcoin Covered Call ETF Company Profile

Global X Funds – Global X Bitcoin Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly and through other funds in short-term U.S. Treasury securities. For its currency portion, it invests through derivatives in bitcoin. The fund uses derivatives such as options and futures to create its portfolio. It seeks to invests in bitcoin futures through a wholly-owned Cayman Islands subsidiary.