Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Up 72.0% in May

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITSGet Free Report) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 4,300 shares, a growth of 72.0% from the April 30th total of 2,500 shares. Based on an average daily volume of 9,300 shares, the short-interest ratio is presently 0.5 days.

Global X Blockchain & Bitcoin Strategy ETF Price Performance

Shares of NASDAQ BITS traded up $1.12 during trading hours on Thursday, hitting $68.21. 346 shares of the company’s stock were exchanged, compared to its average volume of 10,361. Global X Blockchain & Bitcoin Strategy ETF has a 1-year low of $31.38 and a 1-year high of $75.06. The stock has a market capitalization of $26.60 million, a price-to-earnings ratio of -131.56 and a beta of 2.23. The company’s 50-day moving average price is $65.52 and its 200-day moving average price is $58.36.

Global X Blockchain & Bitcoin Strategy ETF Company Profile

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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.

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