Short Interest in Global X Blockchain ETF (NASDAQ:BKCH) Expands By 106.5%

Global X Blockchain ETF (NASDAQ:BKCH) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 125,999 shares, an increase of 106.5% from the April 30th total of 61,029 shares. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 110,455 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Global X Blockchain ETF

Several hedge funds have recently made changes to their positions in BKCH. Qube Research & Technologies Ltd acquired a new position in Global X Blockchain ETF in the third quarter valued at $28,000. Raymond James Financial Inc. purchased a new position in Global X Blockchain ETF in the second quarter valued at about $25,000. Glenmede Investment Management LP purchased a new stake in shares of Global X Blockchain ETF during the third quarter worth about $65,000. Arax Advisory Partners purchased a new stake in shares of Global X Blockchain ETF during the fourth quarter worth about $57,000. Finally, Sankala Group LLC purchased a new stake in shares of Global X Blockchain ETF during the fourth quarter worth about $64,000.

Global X Blockchain ETF Price Performance

NASDAQ:BKCH traded down $1.38 during trading hours on Tuesday, reaching $91.35. 80,949 shares of the company traded hands, compared to its average volume of 109,168. The firm’s 50-day moving average is $74.29 and its 200-day moving average is $71.90. The stock has a market cap of $389.15 million, a P/E ratio of 14.28 and a beta of 3.54. Global X Blockchain ETF has a 1-year low of $42.92 and a 1-year high of $123.69.

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.