Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $69.32 and traded as high as $95.91. Global X Blockchain & Bitcoin Strategy ETF shares last traded at $91.24, with a volume of 9,964 shares.
Global X Blockchain & Bitcoin Strategy ETF Stock Performance
The company’s 50 day moving average price is $75.59 and its 200-day moving average price is $69.53. The company has a market cap of $37.46 million, a PE ratio of -193.31 and a beta of 2.23.
Institutional Investors 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 position in shares of Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,024 shares of the company’s stock, valued at approximately $394,000. Flow Traders U.S. LLC owned approximately 1.59% of Global X Blockchain & Bitcoin Strategy ETF as of its most recent filing with the Securities and Exchange Commission (SEC). 24.54% of the stock is owned by institutional investors.
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.
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