Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Sees Significant Decrease in Short Interest

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 69 shares, a decline of 93.8% from the March 31st total of 1,109 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,466 shares, the days-to-cover ratio is presently 0.0 days.

Global X Bitcoin Trend Strategy ETF Stock Down 0.2%

Global X Bitcoin Trend Strategy ETF stock traded down $0.06 during trading hours on Friday, hitting $28.02. 178 shares of the stock traded hands, compared to its average volume of 2,064. The firm’s 50 day moving average price is $27.47 and its 200-day moving average price is $30.99. Global X Bitcoin Trend Strategy ETF has a 1 year low of $27.00 and a 1 year high of $43.43.

Institutional Trading of Global X Bitcoin Trend Strategy ETF

A hedge fund recently raised its stake in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC raised its position in shares of Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) by 199.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,042 shares of the company’s stock after purchasing an additional 12,012 shares during the quarter. Jane Street Group LLC owned 18.04% of Global X Bitcoin Trend Strategy ETF worth $500,000 at the end of the most recent reporting period.

About Global X Bitcoin Trend Strategy ETF

The Global X Bitcoin Trend Strategy ETF (BTRN) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund tracks an index that toggles between long bitcoin futures and a US Treasury ETFs. The allocation between these components are based on bitcoins price trend. BTRN was launched on Mar 20, 2024 and is issued by Global X.