Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Short Interest Up 266.7% in December

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 10,616 shares, an increase of 266.7% from the December 15th total of 2,895 shares. Currently, 7.6% of the company’s shares are short sold. Based on an average trading volume of 7,853 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 7,853 shares, the days-to-cover ratio is currently 1.4 days. Currently, 7.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC purchased a new stake in shares of Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,890 shares of the company’s stock, valued at approximately $837,000. Jane Street Group LLC owned approximately 13.83% of Global X Bitcoin Trend Strategy ETF at the end of the most recent reporting period.

Global X Bitcoin Trend Strategy ETF Price Performance

Shares of Global X Bitcoin Trend Strategy ETF stock opened at $27.95 on Tuesday. Global X Bitcoin Trend Strategy ETF has a 12 month low of $27.64 and a 12 month high of $43.43. The business has a fifty day simple moving average of $33.80 and a two-hundred day simple moving average of $37.28.

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.