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

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 6,400 shares, a growth of 48.8% from the May 15th total of 4,300 shares. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is currently 0.9 days.

Global X Blockchain & Bitcoin Strategy ETF Stock Down 1.3 %

NASDAQ BITS traded down $0.95 on Friday, reaching $70.77. The company had a trading volume of 3,788 shares, compared to its average volume of 9,836. The stock’s 50 day moving average is $65.50 and its 200-day moving average is $60.61. The stock has a market cap of $27.60 million, a price-to-earnings ratio of -138.76 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 52 week low of $31.70 and a 52 week 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.