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

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 2,400 shares, a growth of 118.2% from the March 31st total of 1,100 shares. Based on an average daily volume of 11,500 shares, the short-interest ratio is currently 0.2 days.

Global X Blockchain & Bitcoin Strategy ETF Trading Up 0.1 %

Shares of BITS traded up $0.07 during mid-day trading on Friday, reaching $65.27. 1,499 shares of the stock traded hands, compared to its average volume of 12,440. The firm has a fifty day moving average price of $66.46 and a 200 day moving average price of $53.64. The company has a market cap of $25.46 million, a price-to-earnings ratio of -127.84 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 1 year low of $30.97 and a 1 year high of $75.06.

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.