Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS – Get Free Report) shares dropped 2% during trading on Tuesday. The stock traded as low as $50.69 and last traded at $51.7720. Approximately 791 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 3,212 shares. The stock had previously closed at $52.83.
Global X Blockchain & Bitcoin Strategy ETF Stock Performance
The firm has a market capitalization of $19.94 million, a PE ratio of -100.25 and a beta of 2.70. The business’s 50 day moving average is $62.36 and its two-hundred day moving average is $60.65.
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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