Global X Blockchain ETF (NASDAQ:BKCH) Shares Down 1% – Here’s What Happened

Global X Blockchain ETF (NASDAQ:BKCH)’s stock price dropped 1% during trading on Monday . The stock traded as low as $86.14 and last traded at $86.56. Approximately 117,603 shares were traded during mid-day trading, an increase of 5% from the average session volume of 112,472 shares. The stock had previously closed at $87.40.

Global X Blockchain ETF Trading Down 1.0%

The company’s fifty day moving average price is $82.09 and its two-hundred day moving average price is $72.98. The firm has a market cap of $368.75 million, a P/E ratio of 14.28 and a beta of 3.57.

Institutional Trading of Global X Blockchain ETF

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Global X Blockchain ETF during the second quarter worth approximately $25,000. Qube Research & Technologies Ltd acquired a new position in Global X Blockchain ETF in the third quarter worth $28,000. Arax Advisory Partners bought a new stake in shares of Global X Blockchain ETF during the fourth quarter worth $57,000. Sankala Group LLC bought a new stake in shares of Global X Blockchain ETF during the fourth quarter worth $64,000. Finally, Glenmede Investment Management LP bought a new stake in shares of Global X Blockchain ETF during the third quarter worth $65,000.

About Global X Blockchain ETF

The Global X Blockchain ETF (BKCH) is an exchange-traded fund that is based on the Solactive Blockchain index, a market-cap-weighted index of global companies involved in blockchain technologies. BKCH was launched on Jul 12, 2021 and is managed by Global X.