Global X Blockchain ETF (NASDAQ:BKCH) Trading Down 1% – Here’s What Happened

Global X Blockchain ETF (NASDAQ:BKCH)’s share price traded down 1% during mid-day trading on Monday . The stock traded as low as $86.14 and last traded at $86.56. 117,603 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 112,472 shares. The stock had previously closed at $87.40.

Global X Blockchain ETF Price Performance

The company has a market cap of $368.75 million, a price-to-earnings ratio of 14.28 and a beta of 3.57. The stock has a 50-day moving average price of $82.09 and a 200 day moving average price of $72.98.

Institutional Trading of Global X Blockchain ETF

Several hedge funds have recently bought and sold shares of BKCH. Qube Research & Technologies Ltd acquired a new stake in shares of Global X Blockchain ETF during the third quarter worth $28,000. Raymond James Financial Inc. acquired a new stake in shares of Global X Blockchain ETF in the 2nd quarter valued at about $25,000. Rockefeller Capital Management L.P. raised its stake in shares of Global X Blockchain ETF by 17.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,007 shares of the company’s stock valued at $256,000 after purchasing an additional 585 shares during the period. Glenmede Investment Management LP bought a new stake in shares of Global X Blockchain ETF in the third quarter valued at about $65,000. Finally, Arax Advisory Partners bought a new stake in shares of Global X Blockchain ETF in the fourth quarter valued at about $57,000.

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.