Short Interest in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Rises By 37.2%

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 2,895 shares, an increase of 37.2% from the November 30th total of 2,110 shares. Based on an average daily volume of 741 shares, the short-interest ratio is presently 3.9 days. Currently, 1.9% of the company’s shares are short sold. Currently, 1.9% of the company’s shares are short sold. Based on an average daily volume of 741 shares, the short-interest ratio is presently 3.9 days.

Global X Bitcoin Trend Strategy ETF Stock Performance

NYSEARCA:BTRN traded down $7.50 on Tuesday, hitting $27.69. The stock had a trading volume of 51,739 shares, compared to its average volume of 2,097. The company has a fifty day moving average price of $35.44 and a two-hundred day moving average price of $38.04. Global X Bitcoin Trend Strategy ETF has a 1-year low of $27.67 and a 1-year high of $43.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC bought a new stake in Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,890 shares of the company’s stock, valued at approximately $837,000. Jane Street Group LLC owned 13.83% of Global X Bitcoin Trend Strategy ETF as of its most recent SEC filing.

Global X Bitcoin Trend Strategy ETF Company Profile

The Global X Bitcoin Trend Strategy ETF (BTRN) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund tracks an index that toggles between long bitcoin futures and a US Treasury ETFs. The allocation between these components are based on bitcoins price trend. BTRN was launched on Mar 20, 2024 and is issued by Global X.