Short Interest in Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Increases By 164.4%

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 34,900 shares, an increase of 164.4% from the August 31st total of 13,200 shares. Based on an average trading volume of 4,100 shares, the short-interest ratio is presently 8.5 days.

Global X Blockchain & Bitcoin Strategy ETF Trading Up 0.2 %

Shares of NASDAQ BITS opened at $68.15 on Friday. The business has a 50-day moving average of $63.38 and a 200-day moving average of $66.07. The firm has a market capitalization of $25.90 million, a price-to-earnings ratio of -133.63 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a 12 month low of $31.74 and a 12 month high of $78.76.

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.