Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Down 14.1% in July

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 11,000 shares, a decline of 14.1% from the June 30th total of 12,800 shares. Based on an average trading volume of 4,400 shares, the short-interest ratio is presently 2.5 days.

Global X Blockchain & Bitcoin Strategy ETF Stock Performance

Shares of BITS stock traded down $2.53 during mid-day trading on Tuesday, hitting $68.88. 4,935 shares of the stock were exchanged, compared to its average volume of 8,862. The stock’s fifty day simple moving average is $70.28 and its two-hundred day simple moving average is $64.21. Global X Blockchain & Bitcoin Strategy ETF has a 12-month low of $31.74 and a 12-month high of $78.76. The stock has a market capitalization of $26.17 million, a price-to-earnings ratio of -140.02 and a beta of 2.23.

Global X Blockchain & Bitcoin Strategy ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Thursday, June 27th were paid a dividend of $0.3784 per share. The ex-dividend date was Thursday, June 27th. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio is presently -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.