Global X Blockchain ETF (NASDAQ:BKCH – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 57,272 shares, a decline of 51.6% from the June 15th total of 118,418 shares. Based on an average trading volume of 70,989 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.7% of the shares of the stock are short sold.
Institutional Trading of Global X Blockchain ETF
Several institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new position in Global X Blockchain ETF during the third quarter worth $28,000. Raymond James Financial Inc. acquired a new position in Global X Blockchain ETF during the 2nd quarter valued at about $25,000. Rockefeller Capital Management L.P. boosted 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 last quarter. Glenmede Investment Management LP acquired a new position in shares of Global X Blockchain ETF in the 3rd quarter valued at $65,000. Finally, Arax Advisory Partners acquired a new position in Global X Blockchain ETF in the fourth quarter valued at about $57,000.
Global X Blockchain ETF Stock Down 4.4%
Shares of BKCH traded down $3.02 during trading hours on Thursday, reaching $65.44. The company’s stock had a trading volume of 17,955 shares, compared to its average volume of 109,698. Global X Blockchain ETF has a 1-year low of $50.99 and a 1-year high of $123.69. The firm has a market cap of $219.24 million, a price-to-earnings ratio of 14.28 and a beta of 3.59. The company has a 50 day moving average of $81.57 and a two-hundred day moving average of $72.83.
About Global X Blockchain ETF
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.
Recommended Stories
- Five stocks we like better than Global X Blockchain ETF
- AI’s Power Crunch Fuels a Pivot for These 2 Oilfield Stocks
- Why Conagra’s Dividend Cut Could Be the Best Thing for Investors
- Japan’s Crypto Overhaul Could Open the Door to a Wave of Institutional Money
- Cintas Keeps Beating Expectations—And the Story Isn’t Over
Receive News & Ratings for Global X Blockchain ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X Blockchain ETF and related companies with MarketBeat.com's FREE daily email newsletter.
