Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Up 160.0% in April

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 3,900 shares, a growth of 160.0% from the March 31st total of 1,500 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 0.8 days.

Global X Blockchain & Bitcoin Strategy ETF Stock Performance

Global X Blockchain & Bitcoin Strategy ETF stock opened at $58.31 on Wednesday. The stock has a 50-day simple moving average of $54.12 and a 200-day simple moving average of $71.56. The company has a market capitalization of $27.99 million, a P/E ratio of -114.33 and a beta of 2.23. Global X Blockchain & Bitcoin Strategy ETF has a fifty-two week low of $45.63 and a fifty-two week high of $106.93.

Global X Blockchain & Bitcoin Strategy ETF Company Profile

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.