Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 29th, there was short interest totalling 11,200 shares, a drop of 15.2% from the February 14th total of 13,200 shares. Based on an average daily trading volume, of 13,600 shares, the days-to-cover ratio is currently 0.8 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 – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,758 shares of the company’s stock, valued at approximately $229,000. Flow Traders U.S. LLC owned approximately 1.60% of Global X Blockchain & Bitcoin Strategy ETF as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 24.54% of the company’s stock.
Global X Blockchain & Bitcoin Strategy ETF Price Performance
NASDAQ:BITS opened at $68.26 on Friday. The company has a market capitalization of $23.89 million, a P/E ratio of -133.84 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 1 year low of $28.53 and a 1 year high of $75.06. The business has a fifty day simple moving average of $56.48 and a two-hundred day simple moving average of $46.97.
Global X Blockchain & Bitcoin Strategy ETF Increases Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 29th were given a $7.053 dividend. The ex-dividend date was Thursday, December 28th. This is a boost from Global X Blockchain & Bitcoin Strategy ETF’s previous Semi-Annual dividend of $0.22. Global X Blockchain & Bitcoin Strategy ETF’s payout ratio is -1,425.49%.
About Global X Blockchain & Bitcoin Strategy ETF
(Get Free Report)
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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