Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) Short Interest Up 23.1% in January

Global X Blockchain & Bitcoin Strategy ETF (NASDAQ:BITS) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 9,858 shares, a growth of 23.1% from the December 31st total of 8,006 shares. Based on an average daily trading volume, of 6,029 shares, the short-interest ratio is currently 1.6 days. Currently, 2.1% of the shares of the company are short sold. Currently, 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 6,029 shares, the short-interest ratio is currently 1.6 days.

Global X Blockchain & Bitcoin Strategy ETF Stock Down 7.1%

BITS stock opened at $57.46 on Thursday. Global X Blockchain & Bitcoin Strategy ETF has a 52-week low of $45.63 and a 52-week high of $118.78. The firm has a market cap of $26.43 million, a P/E ratio of -112.66 and a beta of 2.69. The company’s 50-day simple moving average is $74.60 and its 200-day simple moving average is $85.26.

Global X Blockchain & Bitcoin Strategy ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 30th were issued a $14.0406 dividend. This represents a yield of 4,477.0%. The ex-dividend date of this dividend was Tuesday, December 30th. Global X Blockchain & Bitcoin Strategy ETF’s dividend payout ratio (DPR) is presently -2,752.94%.

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.