Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Short Interest Up 3,800.0% in May

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 39 shares, an increase of 3,800.0% from the May 14th total of 1 shares. Based on an average daily volume of 6,627 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

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 lifted its position in shares of Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) by 199.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,042 shares of the company’s stock after buying an additional 12,012 shares during the quarter. Jane Street Group LLC owned approximately 18.04% of Global X Bitcoin Trend Strategy ETF worth $500,000 at the end of the most recent quarter.

Global X Bitcoin Trend Strategy ETF Stock Down 0.0%

Shares of NYSEARCA:BTRN traded down $0.01 on Tuesday, hitting $25.17. 117 shares of the company’s stock were exchanged, compared to its average volume of 2,103. Global X Bitcoin Trend Strategy ETF has a 12 month low of $25.14 and a 12 month high of $43.43. The business’s 50 day simple moving average is $27.46 and its two-hundred day simple moving average is $29.10.

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.