Global X Blockchain ETF (NASDAQ:BKCH) Short Interest Up 106.5% in May

Global X Blockchain ETF (NASDAQ:BKCHGet Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 125,999 shares, an increase of 106.5% from the April 30th total of 61,029 shares. Based on an average trading volume of 110,455 shares, the short-interest ratio is presently 1.1 days. Approximately 3.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Global X Blockchain ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd acquired a new position in Global X Blockchain ETF in the third quarter valued at approximately $28,000. Raymond James Financial Inc. acquired a new position in Global X Blockchain ETF in the second quarter valued at approximately $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 period. Glenmede Investment Management LP acquired a new position in shares of Global X Blockchain ETF during the third quarter worth approximately $65,000. Finally, Arax Advisory Partners bought a new position in Global X Blockchain ETF in the 4th quarter worth approximately $57,000.

Global X Blockchain ETF Price Performance

Shares of BKCH stock opened at $91.97 on Monday. The business has a 50 day moving average of $73.70 and a two-hundred day moving average of $71.87. Global X Blockchain ETF has a 52 week low of $41.00 and a 52 week high of $123.69. The company has a market cap of $391.79 million, a P/E ratio of 14.28 and a beta of 3.54.

About Global X Blockchain ETF

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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.

Further Reading

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