Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) Short Interest Up 3,800.0% in May

Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 39 shares, an increase of 3,800.0% from the May 14th total of 1 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 6,627 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Global X Bitcoin Trend Strategy ETF

A hedge fund recently raised its stake in Global X Bitcoin Trend Strategy ETF stock. Jane Street Group LLC increased its stake in shares of Global X Bitcoin Trend Strategy ETF (NYSEARCA:BTRN) by 199.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,042 shares of the company’s stock after purchasing an additional 12,012 shares during the quarter. Jane Street Group LLC owned approximately 18.04% of Global X Bitcoin Trend Strategy ETF worth $500,000 as of its most recent SEC filing.

Global X Bitcoin Trend Strategy ETF Stock Performance

Shares of Global X Bitcoin Trend Strategy ETF stock traded down $0.01 during trading on Tuesday, hitting $25.17. 117 shares of the stock traded hands, compared to its average volume of 2,103. Global X Bitcoin Trend Strategy ETF has a 52-week low of $25.14 and a 52-week high of $43.43. The stock’s fifty day simple moving average is $27.46 and its 200 day simple moving average is $29.10.

About Global X Bitcoin Trend Strategy ETF

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.