Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Up 31.3% in June

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 8,400 shares, a growth of 31.3% from the May 31st total of 6,400 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is presently 1.8 days.

Global X Blockchain & Bitcoin Strategy ETF Price Performance

Global X Blockchain & Bitcoin Strategy ETF stock traded down $1.26 during mid-day trading on Friday, reaching $66.69. 1,224 shares of the company traded hands, compared to its average volume of 9,431. Global X Blockchain & Bitcoin Strategy ETF has a fifty-two week low of $31.74 and a fifty-two week high of $75.06. The company has a market capitalization of $26.01 million, a price-to-earnings ratio of -130.76 and a beta of 2.23. The firm’s fifty day moving average is $66.76 and its two-hundred day moving average is $62.01.

Global X Blockchain & Bitcoin Strategy ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 27th will be paid a dividend of $0.3784 per share. The ex-dividend date of this dividend is Thursday, June 27th. Global X Blockchain & Bitcoin Strategy ETF’s payout ratio is -1,382.35%.

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.