Global X Blockchain ETF (NASDAQ:BKCH) Stock Price Down 1.1% – Here’s Why

Global X Blockchain ETF (NASDAQ:BKCH)’s stock price fell 1.1% on Tuesday . The company traded as low as $77.25 and last traded at $79.85. 45,389 shares changed hands during trading, a decline of 59% from the average session volume of 109,628 shares. The stock had previously closed at $80.76.

Global X Blockchain ETF Trading Down 1.1%

The firm has a market cap of $340.16 million, a price-to-earnings ratio of 14.28 and a beta of 3.54. The business’s 50-day simple moving average is $69.60 and its two-hundred day simple moving average is $72.63.

Institutional Investors Weigh In On Global X Blockchain ETF

Large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in Global X Blockchain ETF by 88.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,500 shares of the company’s stock worth $3,354,000 after purchasing an additional 24,600 shares during the period. Rockefeller Capital Management L.P. grew its stake in Global X Blockchain ETF by 17.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,007 shares of the company’s stock valued at $256,000 after acquiring an additional 585 shares during the period. Sankala Group LLC acquired a new stake in Global X Blockchain ETF in the fourth quarter valued at approximately $64,000. Ignite Planners LLC acquired a new stake in Global X Blockchain ETF in the fourth quarter valued at approximately $209,000. Finally, Northbridge Financial Group LLC acquired a new stake in Global X Blockchain ETF in the fourth quarter valued at approximately $633,000.

Global X Blockchain ETF Company Profile

The Global X Blockchain ETF (BKCH) is an exchange-traded fund that is based on the Solactive Blockchain index, a market-cap-weighted index of global companies involved in blockchain technologies. BKCH was launched on Jul 12, 2021 and is managed by Global X.