Short Interest in Global X Bitcoin Covered Call ETF (BATS:BCCC) Increases By 79.9%

Global X Bitcoin Covered Call ETF (BATS:BCCC) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 27,666 shares, a growth of 79.9% from the June 15th total of 15,376 shares. Currently, 27.7% of the shares of the company are short sold. Based on an average daily trading volume, of 20,365 shares, the days-to-cover ratio is presently 1.4 days.

Global X Bitcoin Covered Call ETF Stock Performance

BCCC stock opened at $11.96 on Friday. Global X Bitcoin Covered Call ETF has a one year low of $11.11 and a one year high of $27.21. The company has a fifty day moving average of $12.75 and a 200-day moving average of $14.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global X Bitcoin Covered Call ETF stock. Jane Street Group LLC acquired a new stake in Global X Bitcoin Covered Call ETF (BATS:BCCC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,577 shares of the company’s stock, valued at approximately $292,000. Jane Street Group LLC owned 7.72% of Global X Bitcoin Covered Call ETF as of its most recent SEC filing.

Global X Bitcoin Covered Call ETF Company Profile

Global X Funds – Global X Bitcoin Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly and through other funds in short-term U.S. Treasury securities. For its currency portion, it invests through derivatives in bitcoin. The fund uses derivatives such as options and futures to create its portfolio. It seeks to invests in bitcoin futures through a wholly-owned Cayman Islands subsidiary.