Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Update

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 2,500 shares, a decline of 56.1% from the January 31st total of 5,700 shares. Based on an average daily trading volume, of 10,300 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned about 1.59% of Global X Blockchain & Bitcoin Strategy ETF at the end of the most recent quarter. Institutional investors own 24.54% of the company’s stock.

Global X Blockchain & Bitcoin Strategy ETF Price Performance

NASDAQ BITS opened at $57.95 on Friday. Global X Blockchain & Bitcoin Strategy ETF has a 1-year low of $51.49 and a 1-year high of $106.93. The stock has a market capitalization of $28.23 million, a price-to-earnings ratio of -113.63 and a beta of 2.70. The business’s fifty day moving average price is $71.81 and its 200-day moving average price is $74.22.

Global X Blockchain & Bitcoin Strategy ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a dividend of $19.3361 per share. This is an increase from Global X Blockchain & Bitcoin Strategy ETF’s previous dividend of $0.38. The ex-dividend date was Monday, December 30th. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio (DPR) is presently -3,790.20%.

Global X Blockchain & Bitcoin Strategy ETF Company Profile

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.