Global X Blockchain ETF (NASDAQ:BKCH – Get Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 53,940 shares, a decline of 49.8% from the July 30th total of 107,383 shares. Based on an average daily volume of 101,333 shares, the short-interest ratio is currently 0.5 days. Currently, 1.7% of the company’s stock are sold short.
Institutional Investors Weigh In On Global X Blockchain ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Global X Blockchain ETF in the second quarter valued at approximately $25,000. Qube Research & Technologies Ltd purchased a new stake in shares of Global X Blockchain ETF during the 3rd quarter valued at $28,000. Arax Advisory Partners purchased a new stake in shares of Global X Blockchain ETF during the 4th quarter valued at $57,000. Sankala Group LLC bought a new stake in shares of Global X Blockchain ETF during the 4th quarter worth $64,000. Finally, Glenmede Investment Management LP bought a new stake in shares of Global X Blockchain ETF during the 3rd quarter worth $65,000.
Global X Blockchain ETF Stock Performance
NASDAQ BKCH traded down $6.03 during trading hours on Friday, reaching $67.41. 48,306 shares of the company’s stock were exchanged, compared to its average volume of 101,767. The company’s 50-day moving average is $69.30 and its two-hundred day moving average is $71.37. Global X Blockchain ETF has a one year low of $50.99 and a one year high of $123.69. The company has a market capitalization of $213.02 million, a price-to-earnings ratio of 14.28 and a beta of 3.60.
Global X Blockchain ETF Company Profile
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.
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