Global X Blockchain ETF (NASDAQ:BKCH) Sees Significant Drop in Short Interest

Global X Blockchain ETF (NASDAQ:BKCH) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 53,940 shares, a decline of 49.8% from the July 30th total of 107,383 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 101,333 shares, the short-interest ratio is currently 0.5 days.

Global X Blockchain ETF Price Performance

Global X Blockchain ETF stock traded down $6.03 during midday trading on Friday, reaching $67.41. The company had a trading volume of 48,306 shares, compared to its average volume of 101,767. The company has a market capitalization of $213.02 million, a P/E ratio of 14.28 and a beta of 3.60. The firm’s fifty day simple moving average is $69.30 and its 200-day simple moving average is $71.37. Global X Blockchain ETF has a 12-month low of $50.99 and a 12-month high of $123.69.

Institutional Investors Weigh In On Global X Blockchain ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its position in shares of Global X Blockchain ETF by 34.0% in the first quarter. Private Advisor Group LLC now owns 148,237 shares of the company’s stock valued at $8,278,000 after buying an additional 37,628 shares during the last quarter. Bank of America Corp DE boosted its position in Global X Blockchain ETF by 63.3% during the first quarter. Bank of America Corp DE now owns 255,808 shares of the company’s stock worth $14,284,000 after acquiring an additional 99,163 shares during the last quarter. Northbridge Financial Group LLC purchased a new stake in Global X Blockchain ETF during the 4th quarter valued at about $633,000. Farther Finance Advisors LLC grew its stake in Global X Blockchain ETF by 2,522.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,521 shares of the company’s stock valued at $97,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Arax Advisory Partners purchased a new stake in Global X Blockchain ETF during the 4th 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.