Global X Bitcoin Covered Call ETF (BATS:BCCC) Sees Significant Decline in Short Interest

Global X Bitcoin Covered Call ETF (BATS:BCCC) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2,968 shares, a decrease of 89.3% from the June 30th total of 27,666 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 9,748 shares, the short-interest ratio is presently 0.3 days.

Global X Bitcoin Covered Call ETF Price Performance

Shares of BATS BCCC opened at $12.01 on Monday. Global X Bitcoin Covered Call ETF has a 1 year low of $11.11 and a 1 year high of $27.21. The firm has a 50-day simple moving average of $12.39 and a two-hundred day simple moving average of $14.21.

Hedge Funds Weigh In On Global X Bitcoin Covered Call ETF

An institutional investor recently bought a new stake in Global X Bitcoin Covered Call ETF stock. Jane Street Group LLC bought a new position in Global X Bitcoin Covered Call ETF (BATS:BCCC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,577 shares of the company’s stock, valued at approximately $292,000. Jane Street Group LLC owned 7.72% of Global X Bitcoin Covered Call ETF as of its most recent SEC filing.

About Global X Bitcoin Covered Call ETF

Global X Funds – Global X Bitcoin Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC. It invests in fixed income and currency markets of the United States. For its fixed income portion, it invests directly and through other funds in short-term U.S. Treasury securities. For its currency portion, it invests through derivatives in bitcoin. The fund uses derivatives such as options and futures to create its portfolio. It seeks to invests in bitcoin futures through a wholly-owned Cayman Islands subsidiary.