Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Up 6.5% in December

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 14,700 shares, a growth of 6.5% from the November 30th total of 13,800 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On Global X Blockchain & Bitcoin Strategy ETF

A hedge fund recently bought a new stake in Global X Blockchain & Bitcoin Strategy ETF stock. Flow Traders U.S. LLC purchased a new stake in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned approximately 1.59% of Global X Blockchain & Bitcoin Strategy ETF as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 24.54% of the company’s stock.

Global X Blockchain & Bitcoin Strategy ETF Price Performance

Shares of Global X Blockchain & Bitcoin Strategy ETF stock traded down $1.03 during trading on Tuesday, hitting $66.86. 20,805 shares of the company were exchanged, compared to its average volume of 7,896. The firm has a market capitalization of $25.41 million, a P/E ratio of -131.10 and a beta of 2.23. The firm’s fifty day moving average price is $89.33 and its 200 day moving average price is $74.02. Global X Blockchain & Bitcoin Strategy ETF has a 1-year low of $42.51 and a 1-year high of $106.93.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th will be issued a $19.3361 dividend. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from Global X Blockchain & Bitcoin Strategy ETF’s previous dividend of $0.38. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio (DPR) is -1,382.35%.

About Global X Blockchain & Bitcoin Strategy ETF

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.